[Funding News] Nasher Miles Raises $4 Mn Series A Funding Round

In its bridge round to Series A, Nasher Miles, a digital-first luggage brand, has secured $4 million in funding from Singularity Early Opportunities Fund, Narendra Rathi (SoftBank Vision Fund), Sulabh Arya, and Mohit Goyal, alongside other investors.

The proceeds will be allocated to Nasher Miles' omnichannel expansion initiatives. The company's objective is to establish 3-5 exclusive brand outlets this financial year, in addition to expanding its offline presence to 1,000 multi-brand outlets throughout India by the end of the calendar year.

Nasher Miles intends to enhance its rapid commerce presence in specific cities and augment its production capacity in India, with a goal of achieving 70-75% domestic manufacturing by December 2024.

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Nasher Miles is a travel bag and luggage brand that was established exclusively online. Its product catalog comprises a variety of customized designs and colors, as well as corporate backpacks, outdoor travel bags, luggage sets, laptop roller cases, and accessories such as luggage covers, neck pillows and masks, backpack rain covers, and more.

Nasher Miles intends to enhance its rapid commerce presence in specific cities and augment its production capacity in India, with a goal of achieving 70-75% domestic manufacturing by December 2024.

About Nasher Miles

Founded in 2017 by Lokesh Daga, Abhishek Daga, and Shruti Kedia Daga, Nasher Miles is a contemporary travel company. We produce and market a variety of hard-side and soft-side luggage, backpacks, and duffle bags. The company has recently forayed into the production of luggage covers and masks.

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