Escape the Baggage: Travel in Style with Nasher Miles
Tired of boring, indistinguishable luggage that blends into the conveyor belt abyss? Nasher Miles is here to shake things up! This innovative luggage brand isn’t just about transporting your belongings; it’s about expressing your individual style and making a statement wherever you roam.
Founded by travel enthusiasts who craved unique and fashionable suitcases, Nasher Miles offers a vibrant collection that goes beyond functionality. Imagine soft, sleek designs inspired by exotic destinations, a kaleidoscope of colors that defy the luggage norm, and features that make every journey effortless.
But Nasher Miles isn’t just about aesthetics. They understand that durability and practicality are crucial companions on any adventure. Their suitcases are built to last, with high-quality materials and construction that can withstand the rigors of travel. Whether you’re a seasoned globetrotter or a weekend explorer, Nasher Miles has the perfect luggage solution to elevate your journey.
Ready to ditch the dull and embrace the bold? Join the Nasher Miles community and discover a world where travel meets fashion, where every trip is an opportunity to express yourself, and where your luggage turns heads for all the right reasons.
So, pack your bags (with Nasher Miles, of course) and get ready for an unforgettable journey!
About The Company – Nasher Miles
| Startup / Company Name | Nasher Miles |
| Industry | Luggage Bag Industry |
| Founder | Abhishek Daga, Lokesh Daga & Shruti Daga |
| Product / Service | Luggage Bag Manufacturer |
| Revenue | 52.9 Crores (223-23) |
About The Pitcher
| Number of Presenters | Three presenters |
| Name of Presenters | Abhishek Daga, Lokesh Daga & Shruti Daga |
| Pitchers City | Mumbai |
| Pitchers State | Maharashtra |
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Nasher Miles Pitch Details
| Shark Tank Episode | Episode 15 |
| Original Ask Amount | ₹ 3 crore |
| Original Ask Equity | 0.75% Equity |
| Original Valuation | 400 Crores |
| Offer Received | 1) 3 Crores for 1.33% Equity + 1% Royalty until 3 crores is recouped (Namita, Vineeta, Aman, Anupam, Ritesh) |
| Final Deal Amount | 3 Crores |
| Total Deal Equity | 1.33% Equity |
| Sharks in Deal | Namita, Vineeta, Aman, Anupam, Ritesh |
Solutions Offered
Nasher Miles isn’t just about making your luggage stand out; it’s about offering solutions to common travel woes. Here’s how they do it:
Goodbye, Bland Bags:
- Variety & Style: Ditch the monotonous blacks and beiges! Nasher Miles boasts a diverse collection with over 100 vibrant colors, inspired designs, and styles to match your personality and travel destination.
- Express Yourself: From soft, romantic Parisian shades to bold, adventurous prints, their luggage lets you make a statement and travel in style.
- Stand Out: No more mistaking your bag on the carousel! Nasher Miles’ design philosophy ensures you’ll easily spot your luggage amidst the sea of suitcases.
Travel with Ease:
- Functionality: Nasher Miles doesn’t compromise on practicality. Their suitcases feature smooth-rolling wheels, comfortable handles, and smartly designed compartments for organized packing.
- Durability: Built with high-quality materials like polycarbonate and polypropylene, their luggage is designed to withstand the wear and tear of travel, ensuring your belongings arrive safely.
- Multiple Options: Whether you need a carry-on for weekend getaways, a medium suitcase for longer trips, or a large option for family vacations, Nasher Miles has the perfect size and style for your needs.
More Than Just Luggage:
- Accessories: Complete your travel ensemble with stylish backpacks, toiletry bags, and other travel accessories that complement your luggage and enhance your travel experience.
- Hassle-free Shopping: Enjoy convenient online shopping with free shipping above ₹500 and a 7-day return policy for added peace of mind.
- Customer Service: Their customer service team is dedicated to answering your questions and ensuring a smooth shopping experience.
Nasher Miles goes beyond offering stylish luggage; they provide solutions for the modern traveler who seeks both functionality and self-expression. So, pack your bags with confidence and embark on your next adventure in style!
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Lesser Known Facts About Nasher Miles
- Founded by Family & Friends: Lokesh, Abhishek, and Shruti, the co-founders, are family and friends who turned their shared passion for travel into a business.
- 100+ Shades & Destination Inspiration: They offer over 100 unique colors and designs inspired by travel destinations like Paris and Istanbul.
- “No Jugaad” Promise: They aim to eliminate the need for ugly identifiers like ribbons and tags by making their luggage easily recognizable.
- Profitable Since Launch: Nasher Miles has been profitable since their launch in 2017, bootstrapping their growth without external funding.
- Celebrity Brand Ambassador: They recently signed cricketer Rishabh Pant as their brand ambassador, further boosting their image.
- Valuation Negotiation: The initial valuation ask of ₹400 crores was met with resistance from the Sharks, leading to interesting negotiations.
- “All Sharks” Deal: They secured a unique “All Sharks” deal, receiving investment from all five Sharks on Shark Tank India Season 3.
- Royalty vs. Debt Debate: Their pitch sparked a discussion about the pros and cons of royalty versus debt financing for startups.
- Midway Valuation: The final deal settled on a valuation of ₹225 crores, showcasing their willingness to compromise for the right partnership.
- “Thick & Beautiful” Promise: Their closing statement, “Let’s not let the Sharks’ deal slip. Look at the lovely thick beautiful…” remains an intriguing and memorable moment.
- Online-First Strategy: Currently, they primarily sell online, but have plans to expand to offline stores soon.
- Focus on Millennial Customers: Their target audience is primarily millennials aged 25-34, reflecting their focus on style and design.
- Ambitious Growth Plans: They aim to reach ₹100 crore in revenue and open 10 exclusive brand outlets within the next few years.
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