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Bagzone Lifestyles raises $9M from First Bridge India Growth Fund

Bagzone Lifestyles raises $9M from First Bridge India Growth Fund
yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.

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Bagzone Lifestyles raises $9 million from First Bridge India Growth Fund

Bagzone Lifestyles raises $9 million from First Bridge India Growth Fund
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Vishal kumar guptaAyush tainwalaIndia growth fundBagzone lifestylesFirst bridge india growthFirst bridge

Lavie raises USD 9 mn funding; to invest in stores, mfg expansion, ET Retail

Lavie: “We reached a point of scale and profitability where external inputs were needed. We wanted a partner who got actual skin in the game,” stated Tainwala on the company’s decision to raise external funding.

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Lavie raises $9 million investment

Fashion accessories brand Lavie, owned by Bagzone Lifestyles Pvt. Ltd., has secured $9 million in funding from First Bridge India Growth Fund. The investment will be used to establish a manufacturing facility capable of producing 200,000 bags per month and to open 300 exclusive brand outlets. Lavie plans to expand its offline presence in tier 1 and tier 2 cities, aiming to increase its sales from Rs 500 crores in FY23 to Rs 700-750 crores in FY24.

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Handbag Brand Lavie s Parent Raises $9 Mn For Offline Expansion

Bagzone Lifestyles, the parent company of Lavie, has secured $9 Mn investment from the First Bridge India Growth Fund

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