Introducing Nasher Miles, a contemporary luggage brand that pledges to infuse style, diversity, and flair into every piece they create.
Nasher Miles boasts an extensive array of over 100 shades and designs, catering to the eclectic tastes of travelers worldwide. Drawing inspiration from iconic destinations such as Vegas, Istanbul, and Paris, each product is a testament to the spirit of exploration and adventure.
Their product lineup spans across four major categories:
- Hardside bags
- Softside bags
- Backpacks
- Related Travel Accessories
Behind the brand’s success stand Abhishek Daga, Lokesh Daga, and Shruti Kedia Daga, visionaries who embarked on a journey to revolutionize the luggage industry.
Their moment under the spotlight came during their appearance on Shark Tank India season 3, where they presented their vibrant and innovative brand to the world. Engaging in a riveting match-off against rival brand Assembly, Nasher Miles captivated the Sharks with their unique selling proposition.
The founders illuminated the challenges faced by travelers in search of distinctive and practical luggage solutions. From the struggle of identifying one’s bag on the conveyor belt to the homogeneity prevalent in the market, Nasher Miles emerged as the beacon of change.
Originating as a retailer for various brands on online marketplaces, the founders soon pivoted towards establishing their private label brand – Nasher Miles. Their products are now available through their website and leading e-commerce platforms, reaching discerning consumers worldwide.
During their pitch, the founders boldly sought INR 3 Crores for 0.75% equity, valuing the company at INR 400 crores. This audacious move prompted a flurry of inquiries from the Sharks, delving into the essence of the Nasher Miles brand.
From inquiries about the founders’ background to comparisons with rival brands, the Sharks left no stone unturned in their quest to unravel the secrets behind Nasher Miles’ success. As the tension mounted during the match-off, the Sharks withheld their investment offers, meticulously evaluating both brands.
In the culmination of this high-stakes encounter, Nasher Miles emerged victorious, securing a coveted deal with all five Sharks. This triumphant moment marked a significant milestone in their journey, reaffirming their status as trailblazers in the world of luggage design and innovation.
| Company Name | Nasher Miles |
| Founders | Abhishek Daga, Lokesh Daga, and Shruti Kedia Daga |
| Headquarters | Mumbai |
| Founded Year | 2017 |
| Business | Luggage Bags |
| Profitability | Yes |
| Shark Tank Episode | Season 3 – Episode 15 |
| Asked For | INR 3 Crores for 0.75% equity |
| Deal | INR 3 Crore for 1.5% Equity With 1% Royalty Until INR 3 Crores Is Recouped. |
| Sharks Invested | Aman Gupta, Anupam Mittal, Namita Thapar, Vineeta Singh, and Ritesh Agarwal |
| Valuation Given | INR 200 Crores |
Where to buy Nasher Miles Products?
You have several options for buying Nasher Miles products:
- Nasher Miles Website: https://nashermiles.com/
- Amzon: https://amzn.to/3Ifgtft
You can buy Nasher Miles products from Flipkart and Myntra also
Nasher Miles made waves on Shark Tank India Season 3 by clinching a landmark deal worth INR 3 Crore for 1.5% equity, accompanied by a 1% royalty until INR 3 Crores is recouped, all at a valuation of 200 Crores. This groundbreaking agreement was sealed with the backing of notable investors including Aman Gupta, Anupam Mittal, Namita Thapar, Vineeta Singh, and Ritesh Agarwal.
Curiosity piqued following their television debut, leading to a surge in inquiries about Nasher Miles. Here are some of the most frequently asked questions about the brand:
Who Are the Founders of Nasher Miles?
Nasher Miles was founded by Abhishek Daga, Lokesh Daga, and Shruti Kedia Daga, visionaries dedicated to revolutionizing the luggage industry.
Is Nasher Miles Profitable Post Shark Tank India?
Yes, Nasher Miles has been a profitable venture right from its inception. The business achieved an impressive 12% EBITDA level profitability during the financial year FY22-23.
What’s Next for Nasher Miles After Shark Tank?
Following their remarkable success on Shark Tank India, the founders are directing their efforts towards expanding their presence in the offline market, aiming to scale their business to new heights.
What Is the Valuation of Nasher Miles?
Nasher Miles secured a significant deal on Shark Tank India at a valuation of INR 200 crores, a testament to the brand’s growing influence and potential in the market.
