Virgio, a Bengaluru-based fashion-tech brand, plans to expand significantly with a $1 million investment to open 16 new stores. The company also aims for a revenue of Rs 120-150 crore in FY26.
"We have finalised high-street store locations in Ahmedabad, Surat, Mumbai, and Delhi, which will open by June 2025. We intend to rapidly expand, with stores averaging 1,500-1,600 square feet. Inorbit Mall Vashi, Navi Mumbai, is an important consideration.Our M5 Mall store in Bengaluru serves as a model for expansion," said Amar Nagaram, co-founder and CEO of Virgio.
On the international front, the fashion-tech brand intends to open two locations in Dubai. It is currently scouting locations and plans to start operations by the end of 2025.
Nagaram also stated, "Virgio expects to close FY25 with a revenue of Rs 30 crore and to grow 4-5 times in FY26, reaching Rs 120-150 crore. Additionally, we intend to launch the men's wear segment online soon, with approval expected by June."
Nagaram emphasized the production process, stating, "The brand sources fabric and designs multiple collections using the same materials. We source fabrics from mills in Surat, Tirupur, and other parts of North India."
Nagaram also stated that "Virgio expects to end FY25 with a revenue of Rs 30 crore and to grow 4-5 times in FY26, reaching Rs 120-150 crore." Furthermore, we plan to launch the men's wear segment online soon, with approval expected in June."
Nagaram focused on the manufacturing process, stating, "The brand sources fabric and designs multiple collections using the same materials." We get our fabrics from mills in Surat, Tirupur, and other parts of North India."
"We want Virgio to be synonymous with trendy, high-quality fashion in the next three to five years," Nagaram said in reference to the vision. "We think that sustainability should become more widely available to the public as the distinction between fashion and sustainable fashion becomes increasingly hazy. Our objective is to lead this change by proving that fashion can be both fashionable and environmentally friendly, which will lead to a dramatic change in the industry."
With support from Accel and Prosus, the company plans to expand its Bengaluru store count from 40 to 250–300. Virgio, with a strong online presence, currently delivers to 9,000 pincodes.
