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“We have transformed our vision into reality by expanding into a new product category, and we re excited to take it further, setting new standards in the world of women s fashion," said Ayush Tainwala, CEO, Lavie. ....
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. ....
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. ....
Bagzone Lifestyles, the parent company of the fashion accessories brand Lavie, has secured $9 million in funding from the India-focused private equity fund, First Bridge India Growth Fund, equivalent to around 75 crore. ....