The Nasher Miles Shark Tank episode won the hearts of every travel lover and investor. Their pitch showed the clarity with which they pursued their business. There is no doubt that even after almost a year of the episode’s telecast, the company is achieving all its targets as discussed in the show. Nasher Miles’s purpose for the shark tank was to expand their presence in the offline market. From being a 100% online company, Nasher Miles now has its presence in several cities building a strong offline market. It clearly marks the company’s growth after the show. Let us dig inside Nasher Miles Shark Tank journey below.
What Is Nasher Miles Shark Tank?
Nasher Miles is a luggage company that meets travellers’ travel needs. Their bags have a catchy design that passengers can spot easily at the airport after their aeroplane landing. The company provides durability at an affordable price with a lifetime guarantee. It gives variety to their customers starting from cabin, medium, and large luggage. Their prices start from Rs. 2,700 and go up to Rs. 4,200 with Hardside, Softside, Backpack bags and travel accessories. Nasher Miles shark tank journey encourages many travellers to choose them.
Who Are Nasher Miles Founders?
Nasher Miles Founders are Shruti Kedia Daga, Lokesh Daga, and Abhishek Daga. Let us a look at their journey below:
- Shruti Kedia Daga: She lives in Mumbai, Maharashtra and completed her BMS in Management from the University of Mumbai in 2006. However, she pursued a specialization in Marketing to put more insights and input into her business. She pursued executive education in Digital Marketing from the Indian School of Business and an MBA in Marketing from the SP Jain Institute of Management & Research. Shruti is approx 39 Years old and married to Lokesh Daga.
- Lokesh Daga: He lives in South Mumbai with her wife Shruti and Cousin Abhishek to operate their business successfully. Lokesh is approx 39 years old. He completed his schooling at Frank Anthony Public School. After his schooling, he completed his higher education in Btech from the Institute of Engineering and Management in 2007. He also pursued his MBA in marketing from SP Jain Institute of Management & Research. Lokesh has worked with companies like Philips Electronics and founded GoTo Style Mart and Nasher Miles.
- Abhishek Daga: He is a cousin of Lokesh Daga and is currently approx 49 years old. Abhishek completed his schooling from Mithibai College in sciences and pursued his graduation from Somaiya Vidyavihar University in Engineering. He completed his post-graduation from Arizona State University with an M.Sc. He worked with companies like GoTo and MFour Advisory.
Nasher Miles Revenue
Nasher Miles had the following revenue as of now
| Financial Year | Revenue |
| 2017-18 | Rs. 2.18 Crores |
| 2018-19 | Rs. 15.75 crores |
| 2019-20 | Rs. 22.73 Crores |
| 2020-21 | Rs. 12.5 Crores |
| 2021-22 | Rs. 23.7 crores |
| 2022-23 | Rs. 52.9 Crores |
| 2023-24 | Rs. 100 crores (expected) completed Rs. 57 Crores by Oct 23 |
Nasher Miles Shark Tank Success Story
Nasher Miles Shark Tank success story is remarkable. The company asked for Rs. 3 Crores for 0.75% of the equity at Rs. 400 crores valuation. The completely bootstrapped business impressed all the sharks and received offers. Shark Anupam Mittal, Namita Thapar, Ritesh, and Vineeta Singh offer Rs. 3 Crores for 1% equity with 1% royalty until Rs. 3 Crores is recouped at a valuation of Rs. 300 Crores.
Shark Aman offers Rs. 1 Crores for 1% equity and Rs. 2 Crores debt at 10% interest for 2 years at a valuation of Rs. 100 crores. Nasher Miles founders pitched for an all-sharks deal. Thus, the revised offer was by Shark Aman, Anupam, Ritesh, Namita and Vineeta for Rs. 3 Crores for 1.5% equity and 1% royalty until Rs. 3 Crores is recouped at a valuation of Rs. 200 Crores. Nasher Miles accepted this all-shark deal. Keep reading with Charcha Times for more. We hope you get great insights about Nasher Miles Shark Tank journey above.
