About Nasher Miles
Nasher Miles is a Retail company based in Mumbai (India) founded in 2016 by Abhishek Daga, Shruti Kedia Daga, and Lokesh Daga. Travel luggage and accessories are designed and retailed online. It operates in the Retail and Travel & Hospitality sectors. Nasher Miles has raised $5.96 million across 4 funding rounds from investors including IVY Growth Associates, Thapar Vision and Sailthru Ventures. The company has 45 employees. Nasher Miles was last valued at $26.03 million in February 2024. Its chief executive, as recorded, is Lokesh Daga. Its website nashermiles.com draws about 179 thousand monthly visits. Its Indian entity Nasher Miles Private Limited reported revenue of ₹168 Cr. Nasher Miles offers products and services including Luggage Sets, Hardside Luggage, Softside Luggage, and Backpacks. Its focus areas include Consumer, Fashion Tech, B2C Commerce and Accessories. Its competitors include Mokobara, uppercase and Assembly; 3 of its 3 listed competitors have raised funding.
Company details
Nasher Miles was founded in 2016 in Mumbai, India, and operates in the travel goods sector. A range of hardside and softside luggage, backpacks, and accessories is offered, with designs focused on durability for various travel requirements. Sales are conducted online, supported by easy returns, multiple payment methods, and a subscription service for wishlist notifications. The company is led by co-founders including Lokesh Daga as CEO.
- Headquarters Mumbai, India
- Employees 45
- Founders Abhishek Daga, Shruti Kedia Daga, Lokesh Daga
- Stage Minicorn
- SectorsRetailTravel & Hospitality
- Website category Finance · Banking Credit and Lending
- Email••••••••
- Phone•••• ••••
- Website nashermiles.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Nasher Miles Private Limited
- Date of Incorporation 15 Feb, 1990
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹168 Cr
FY 2024 · +16% YoY
- Net Loss-₹6.26 Cr
FY 2024 · -4% margin
- EBITDA-₹1.28 Cr
FY 2024 · -1% margin
- Total Equity Funding$5.96M (USD)
in 4 rounds
- Latest Funding Round$4M (USD), Seed
Jul 2024
- InvestorsIVY Growth Associates
& 47 more
- Employee Count45
Associated legal entities of Nasher Miles
Nasher Miles is associated with 2 registered companies on The Company Check; the primary company is Nasher Miles Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nasher Miles Private Limited CIN U51900MH1990PTC055458 | Active | 15 Feb 1990 | Mumbai, Maharashtra | ₹168 Cr | 45 | 3 | View details |
| Nasher Miles Ventures Llp CIN AAA-7195 | Active | 08 Dec 2011 | Mumbai, Maharashtra | 2 | View details |
Products & Services of Nasher Miles
Nasher Miles offers a comprehensive portfolio of products and services, including Luggage Sets, Hardside Luggage, Softside Luggage, and Backpacks.
Durable sets of suitcases for organized travel storage
Hard-shell suitcases offering protection for travel items
Flexible suitcases designed for versatile packing needs
Practical backpacks for daily and adventure use
Apps and channels of Nasher Miles
its YouTube channel Nasher Miles has 2.63K subscribers and 30 videos.
Videos from Nasher Miles
The most watched videos on Nasher Miles's YouTube channel, Nasher Miles (2.63K subscribers). Click a video to play it here.
More on Nasher Miles.
Funding Insights of Nasher Miles
Nasher Miles has successfully raised a total of $5.96M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $4 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $5.96M
- Total Rounds 4
- Last Round Seed — $4M
- First Round $148,043
(Jun 2016)
- Investors Count 48
All 4 funding rounds of Nasher Miles with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2024 | $4M | Seed | – | Singularity Ventures AMC | |
| Feb 2024 | $1.1M | Seed | $26.03M | Aman Gupta, Anupam Mittal | |
| Mar 2018 | $709,902 | Seed | $751,516 | Mfour Advisory, Pannalal Manicklal Daga | |
| Jun 2016 | $148,043 | Seed | $••••• | Mfour Advisory |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2024 | $26.03M | •••••••• |
Last known valuation $26.03M (Feb 2024). 48 investors in total: 23 institutional and 25 angel.
Investors in Nasher Miles
Nasher Miles has secured backing from 48 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include IVY Growth Associates, Thapar Vision and Sailthru Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment management services in growth equity and public investments in India. | 2016 | singularityamc.com | Mumbai, India | |
Private equity investments are directed toward multiple sectors. | trishaktipowerholdings.tcc.mode | Mumbai, India | ||
Venture capital funding is provided to multiple sectors by Maxar.vc. | maxar.vc | Mumbai, India | ||
Angel network facilitating startup investments and investor connections in technology and sustainability sectors. | 2021 | ivygrowth.co.in | Surat, India | |
Venture capital firm supporting startups in consumer goods, food, and technology sectors through funding and guidance. | 2022 | sailthruventures.com | Delhi, India | |
Venture capital fund focused on early-stage companies | 3peaks.vc | Surat, India | ||
Early-stage investment fund providing seed funding and mentorship to Indian startups. | 2021 | thaparvision.com | Pune, India | |
Venture capital investments are focused on multiple sectors. | redspringinovationpartner.tcc.mode | |||
| redspringinnovationpartner.tcc.mode | ||||
ERP software for enterprise management is provided by Lemon Technologies. | lemontechnologies.net | Surat, India |
Investor details for Nasher Miles
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Nasher Miles Private Limited (Nasher Miles)
Nasher Miles Private Limited is the primary company behind Nasher Miles. The boards of the 2 registered companies of Nasher Miles currently have 3 directors; the longest-serving is Abhishek Maniklal Daga, appointed in 2011. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Abhishek Maniklal Daga DIN 01579845 | Designated Partner | 08 Dec 2011 | 14 yrs 10 mo | Nasher Miles Ventures Llp, Nasher Miles Private Limited |
| Lokesh Daga DIN 07825963 | Designated Partner | 20 Jun 2023 | 3 yrs 4 mo | Nasher Miles Ventures Llp, Nasher Miles Private Limited |
| Shruti Kedia Daga DIN 10668165 | Director | 14 Jun 2024 | 2 yrs 4 mo | Nasher Miles Private Limited |
People of Nasher Miles
8 people are tracked at Nasher Miles (4 in leadership, 4 in team); the tracked headcount is 45.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Chairman & Director | Leadership | |
| Co-Founder & Head Of Marketing | Leadership | |
| Co-Founder & CEO & Director | Leadership | |
Anil Verma Cfa | Chief Strategy Officer | Leadership |
Francis Pereira | Regional Manager (west & East) | Team |
Mukesh Shinde | Ecommerce Manager | Team |
Manish Loke | Sourcing Manager | Team |
Bhavika Patel | MIS Analyst | Team |
Complete people profiles for Nasher Miles
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Financials of Nasher Miles
Figures of Nasher Miles Private Limited, the primary company behind Nasher Miles, for FY 2024. Revenue was ₹168 Cr (+16% year on year). Net loss was -₹6.26 Cr (-4% margin). EBITDA was -₹1.28 Cr (-1% margin). Revenue has grown at a compounded annual rate of +31% over three years and +26% over five years.
- ₹168 CrRevenue · FY 2024 · +16% YoY
- -₹6.26 CrNet loss · -4% margin
- -₹1.28 CrEBITDA · -1% margin
- ₹1.07 CrPaid-up capital
- 45Employees (provident fund records)
- +31%Revenue CAGR, 3 years
- +26%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Nasher Miles Private Limited are on its company page.
Detailed financial statements for Nasher Miles
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Nasher Miles
4 dated milestones of Nasher Miles across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Nasher Miles is founded.
- Funding First funding round of $148K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $4.0M.
Competitors of Nasher Miles
Nasher Miles has 3 listed competitors in our database, 3 of them funded. They include Mokobara, uppercase and Assembly.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mokobara.com | 2019 | Bengaluru, India | $22.41M | 224 | Provider of luggage, backpacks, totes, handbags, briefcases, and travel accessories | |
| uppercase.co.in | 2021 | Bengaluru, India | $19.58M | 81 | Handcrafted eco-friendly luggage and backpack bags are sold online. | |
| assemblytravel.com | 2018 | Gurugram, India | $2.48M | 38 | Luggage bags and travel accessories are offered online by Assembly. |
Detailed competitors of Nasher Miles
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- Full competitor set
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Web traffic of Nasher Miles
The website of Nasher Miles (nashermiles.com) receives about 178.6K visits a month and ranks #158,916 among all websites worldwide, #2,536 in Banking Credit and Lending.
- Monthly visits178.6K
▼ 12.6% vs previous month
- Unique visitors117.9K
per month
- Global rank#158,916
among all websites
- Category rank#2,536
Finance · Banking Credit and Lending
- Bounce rate30%
- Pages per visit4.9
- Average visit42 sec
- DevicesDesktop 17% · Mobile 83%
Websites whose visitors overlap most with Nasher Miles. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| mokobara.com | 100% | 1.6M | #29,840 | View details | |
urbanjungle.shop | urbanjungle.shop | 93% | #182,521 | – | |
| safaribags.com | 89% | 456.1K | #106,668 | View details | |
| icon.in | 87% | 8.8K | #2,573,537 | View details | |
| assemblytravel.com | 82% | 77.8K | #431,006 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 16 similar websites and full traffic analytics for Nasher Miles
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- 16 similar websites
- Audience overlap
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Verified entity values are shown only after access is granted.
Top companies in Fashion & Lifestyle E-Commerce
3 companies that operate in the same segment as Nasher Miles (Fashion & Lifestyle E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Eyewear is offered online for men, women, and kids. | 2010 | Gurugram, Haryana, India | USD 1.04 B | USD 939.4 M | 18,984 | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 542.17 M | 1,108 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 142.34 M | USD 32.66 M | 711 |
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Related news about Nasher Miles
Complete news archive for Nasher Miles
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Frequently Asked Questions about Nasher Miles
Nasher Miles was founded in 2016.
Nasher Miles is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Lokesh Daga is the CEO of Nasher Miles, as recorded in our data. They have also founded this company.
Nasher Miles is a funded company, having raised a total of $5.96M across 4 funding rounds to date. The company's 1st funding round was a Seed of $148.04K, raised on Jun 2016.
Nasher Miles has 45 employees.
The primary company behind Nasher Miles, Nasher Miles Private Limited, reported revenue of ₹168 Cr for FY 2024, up 16% year on year.
Nasher Miles was founded in 2016 in Mumbai, India, and operates in the travel goods sector. A range of hardside and softside luggage, backpacks, and accessories is offered, with designs focused on durability for various travel requirements. Sales are conducted online, supported by easy returns, multiple payment methods, and a subscription service for wishlist notifications. The company is led by co-founders including Lokesh Daga as CEO.
Nasher Miles offers Luggage Sets, Hardside Luggage, Softside Luggage, and Backpacks.
Nasher Miles has 48 investors. Key investors include IVY Growth Associates, Thapar Vision, Sailthru Ventures, Singularity Ventures AMC, and Orbit Lifescience.
The valuation of Nasher Miles is $26.03M as of Feb 2024.
Nasher Miles is associated with 2 legal entities: Nasher Miles Private Limited, Nasher Miles Ventures Llp.