Nasher Mile's Shark Tank Success in Travel Products

Nasher Miles Shark Tank Success in Travel Products

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Nasher Miles sells travel products like backpacks, luggage, and accessories, focusing on innovative design, quality, and customer-centric service.

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Key features of Nasher Miles include free shipping, hassle-free returns, assured quality, and a wide variety of customized prints and colors.

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On Shark Tank India, founders Abhishek, Lokesh, and Shruti secured 3 crore INR for 1.5% equity with a 1% revenue royalty until the investment is recouped.

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The deal valued Nasher Miles at 200 crore INR and included investment from prominent investors Aman Gupta, Anupam Mittal, Namita Thapar, Vineeta Singh, and Ritesh Agarwal.

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Nasher Miles has raised $1.05 million in funding across 3 rounds, with the latest Angel round in February 2024 raising $362,000.

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As of April 2024, Nasher Miles has 32 employees, 28.9% fewer than in April 2023.

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In a competitive landscape with 24 rivals, Nasher Miles ranks 6th; the industry has collectively raised $46.4 million across 22 rounds from 191 investors.

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