About Nasher Miles
Nasher Miles is a company based in Mumbai (India) founded in 2016 by Abhishek Daga, Shruti Kedia Daga, and Lokesh Daga.. 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 as of April 07, 2024. Nasher Miles offers products and services including Luggage Sets, Hardside Luggage, Softside Luggage, and Backpacks. Nasher Miles operates in a competitive market with competitors including Mokobara, uppercase, Assembly, Urban Tribe and Tripole Gears, among others.
- Headquarter Mumbai, India
- Employees 45 as on 07 Apr, 2024
- Founders Abhishek Daga, Shruti Kedia Daga, Lokesh Daga
- Stage Minicorn
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Sectors
RetailTravel & Hospitality
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Nasher Miles Private Limited
- Date of Incorporation 15 Feb, 1990
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$17.46 M (USD)25.09as on Mar 31, 2023
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Net Profit
$664.42 K (USD)130.62as on Mar 31, 2023
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EBITDA
$831.12 K (USD)381.8as on Mar 31, 2023
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Total Equity Funding
$5.96 M (USD)
in 4 rounds
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Latest Funding Round
$4 M (USD), Seed
Jul 03, 2024
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Investors
IVY Growth Associates
& 47 more
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Employee Count
45
as on Apr 07, 2024
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Products & Services of Nasher Miles
Nasher Miles offers a comprehensive portfolio of products and services, including Luggage Sets, Hardside Luggage, Softside Luggage, and Backpacks. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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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 Total Funding
- Total Rounds 4
- Last Round Seed — $4.0M
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First Round
First Round
(02 Jun 2016)
- Investors Count 48
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Seed - Nasher Miles | Valuation | Singularity Ventures AMC | |
| Feb, 2024 | Amount | Seed - Nasher Miles | Valuation | Aman Gupta , Anupam Mittal | |
| Mar, 2018 | Amount | Seed - Nasher Miles | Valuation | Mfour Advisory , Pannalal Manicklal Daga |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment management services in growth equity and public investments in India.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital funding is provided to multiple sectors by Maxar.vc.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Nasher Miles
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Nasher Miles
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nasher Miles Comparisons
Competitors of Nasher Miles
Nasher Miles operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mokobara, uppercase, Assembly, Urban Tribe and Tripole Gears, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of luggage, backpacks, totes, handbags, briefcases, and travel accessories
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| domain | founded_year | HQ Location |
Handcrafted eco-friendly luggage and backpack bags are sold online.
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| domain | founded_year | HQ Location |
Luggage bags and travel accessories are offered online by Assembly.
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| domain | founded_year | HQ Location |
Stylish, durable bags are crafted for modern urban lifestyles.
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| domain | founded_year | HQ Location |
Internet first brand offering multi-category travel and business bags
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nasher Miles
Frequently Asked Questions about Nasher Miles
When was Nasher Miles founded?
Nasher Miles was founded in 2016.
Where is Nasher Miles located?
Nasher Miles is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Nasher Miles?
Lokesh Daga is the current CEO of Nasher Miles. They have also founded this company.
Is Nasher Miles a funded 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 $709.9K, raised on Jun 02, 2016.
How many employees does Nasher Miles have?
As of Apr 07, 2024, the latest employee count at Nasher Miles is 45.
What is the annual revenue of Nasher Miles?
Annual revenue of Nasher Miles is $17.46M as on Mar 31, 2023.
What does Nasher Miles do?
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.
Who are the top competitors of Nasher Miles?
What products or services does Nasher Miles offer?
Nasher Miles offers Luggage Sets, Hardside Luggage, Softside Luggage, and Backpacks.
Who are Nasher Miles's investors?
Nasher Miles has 48 investors. Key investors include IVY Growth Associates, Thapar Vision, Sailthru Ventures, Singularity Ventures AMC, and Orbit Lifescience.
What is Nasher Miles's valuation?
The valuation of Nasher Miles is $26.03M as of Feb 2024.