[Funding alert] Luggage Brand Nasher Miles Secures Rs 3 Cr Funding on Shark Tank India 3

Designer bag manufacturer Nasher Miles, a start-up from Mumbai, made waves in Shark Tank India-3 when it was valued at Rs 200 crore. With approval from Aman Gupta, Anupam Mittal, Ritesh Aggarwal, Vineeta Singh, and Namita Thapar, it also became the 2nd startup of the season to secure an All 5 Shark deal.

This firm, which was started by Abhishek Daga, Lokesh Daga, and Shruti Kedia Daga, stands out for promising stylish travel gear. It offers more than 100 tints and styles that are influenced by popular tourist places.

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With their line of hard-sided bags, backpacks, and other travel gear, Nasher Miles seeks to improve the fashion sense of Indian tourists. Their dedication to quality and diversity is evident in the products that are offered on both their website and popular e-commerce platforms. Nasher Miles is more than simply a travel company; it's a fashionable baggage company with a mission to make stylish travel bags affordable for everyone. 

Their product line covers a variety of travel requirements and tastes with hard-sided bags, soft-sided bags, backpacks, and associated travel accessories. Nasher Miles markets its goods on its website as well as on well-known e-commerce sites like Amazon and Flipkart.

By meeting the demand for unique, premium, and reasonably priced luggage, Nasher Miles hopes to improve Indian tourists' travel experience and sense of style. Their method not only addresses a useful issue but also appeals to people's need for unique travel items.

Nasher Miles capitalizes on the growing travel and e-commerce industries to present itself as a distinct player in the luggage market, emphasizing elegance, variety, and price. Due to rising travel, a growing middle class, and younger customers' growing demand for unique travel items, the worldwide and Indian luggage sectors offer enormous prospects

By focusing on distinctive designs and a broad colour palette, Nasher Miles hopes to stand out in the congested luggage market and attract fashion-conscious travellers.

The innovative baggage firm Nasher Miles recently made waves with its outstanding Shark Tank India pitch, a move that highlights the growing potential of the Indian startup ecosystem. 

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In an attempt to fast-track their goal of revolutionising travel gear by combining affordability, durability, and design, the founders asked for a Rs 3 crore investment with 0.75% interest, valuing the business at Rs 400 crore. The pitch won over the sharks, Anupam, Aman, Vineeta, Namita, and Rithesh. Together, they offered Rs 3 crore for a 1.5% equity stake and a 1% royalty until the Rs 3 crore initial investment was recovered, valuing the business at Rs 200 crore.

About Nasher Miles

Founded by Abhishek Daga, Lokesh Daga, and Shruti Kedia Daga, Nasher Miles is a contemporary travel startup.