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Bagzone Lifestyles, parent of Lavie secures $ nine million investment

Bagzone Lifestyles, parent of Lavie secures $ nine million investment
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Bagzone Lifestyles raises $9M from First Bridge India Growth Fund

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