Nasher Miles Shark Tank Success in Travel Products

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

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

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.

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.

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

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

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.

Swipe up to access the comprehensive article on the topic