Miraggio
Latest, : Miraggio opens new fashion accessories store in Vashi
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
Footprint: where Miraggio opened
2 store openings in 2 cities on record since May 2026; 1 announced plan.
- Chennai1 opening
- Navi Mumbai1 opening
Background
From 7 stories, the newest dated 30 Sept 2026. Summary written 8 Oct 2026.
Miraggio is a digital-first handbag and accessories brand in India that sells direct to consumers and has begun opening company-owned stores. [1] source: Retail4Growth[2] source: The Hindu BusinessLine
Show 3 more paragraphs and 7 sources
It is backed by RPSG Capital, and its sourcing spans three countries, including Indian factories. [2] source: The Hindu BusinessLine ET Retail reported that it plans to increase Indian sourcing to 30-40%. [3] source: ET Retail
Miraggio opened its first physical store at VR Mall Chennai in May 2026. [4] source: YourStory[5] source: Retail4Growth On September 22, 2026, it opened its second store, a 534 sq. ft. outlet at Inorbit Mall, Vashi, entering the Mumbai Metropolitan Region. [1] source: Retail4Growth Indian Retailer reported on September 30, 2026 that the Vashi store offers handbags, accessories and lifestyle products. [6] source: Indian Retailer The brand plans 10+ company-owned stores this fiscal. [2] source: The Hindu BusinessLine ET Retail reported in August 2026 that Miraggio plans 100+ company-owned stores in 3-4 years and targets Rs 500 crore revenue by FY30, against Rs 120 crore FY25 net sales. [3] source: ET Retail Financial Express reported in July 2026 that cash on delivery is 44% of Miraggio's orders and 42% of its revenue. [7] source: Financial Express
ET Retail's report on the expansion lists Chennai, Jaipur, Mumbai, Pune, Vizag and Bengaluru, with an average store size of 800 sq ft. [3] source: ET Retail The Hindu BusinessLine names Client Associates and RPSG Capital Ventures in connection with the brand. [2] source: The Hindu BusinessLine
Sources
Questions about Miraggio
What are Miraggio's expansion plans?
Miraggio opened its first store at VR Mall Chennai in May 2026 and its second at Inorbit Mall, Vashi, in September 2026. It plans 10+ company-owned stores this fiscal and 100+ in 3-4 years. [3] source: ET Retail[4] source: YourStory[1] source: Retail4Growth
Where and when is Miraggio opening new stores?
Miraggio opened its second store, a 534 sq. ft. outlet at Inorbit Mall in Vashi, on September 22, 2026, after its first store at VR Mall Chennai in May 2026. [1] source: Retail4Growth[5] source: Retail4Growth
What is Miraggio's current strategy in India?
Miraggio opened its first store in Chennai in May 2026 and a second in Vashi in September 2026. In August 2026 it set out plans for 100+ company-owned stores in 3-4 years and for raising Indian sourcing to 30-40%. [5] source: Retail4Growth[1] source: Retail4Growth[3] source: ET Retail
Stories that mention Miraggio
1 story
Miraggio is named in these stories but is not their subject.