Nasher Miles Company Profile blog, we will take a closer look at Nasher Miles financials like net worth , valuation ,revenue, turnover and more a newly established company that recently made name in India. With its innovative approach and unique style of travel bags that they sell using online platform.
Nasher Miles Company Profile Financial Updates
Table of Contents
- 1 Nasher Miles Company Profile Financial Updates
- 2 Introduction about Nasher Miles Company:
- 3 Nasher Miles Owner:
- 4 Nasher Miles Net Worth:
- 5 Nasher Miles Funding:
- 6 Nasher Miles Investors:
- 7 Nasher Miles Revenue:
- 8 Nasher Miles Competitors:
- 9 Nasher Miles Valuation:
- 10 Nasher Miles Turnover:
- 11 Nasher Miles shark tank India Season 3:
- 12 FAQ question:
| Total Funding | $5.96M |
| Valuation | $29.3M |
| Net Worth | Rs 246 Cr |
| Revenue | Rs 145 Cr |
| Turnover | Rs 100 Cr |
Before diving into the financials of the company, let’s briefly discuss what Nasher Miles does, how it was started, and the legal entity it has been associated with over the past few years.
Introduction about Nasher Miles Company:
Nasher Miles is a travel company that was founded in year 2016 with the aim to revolutionize the Indian Luggage market. The company aims to make travel easier, more efficient, and more enjoyable.
What does Nasher Miles do?
Nasher Miles is an online platform that offers a wide range of travel bags and luggage, including corporate backpacks, outdoor travel bags, luggage sets, laptop roller cases, and accessories.
Users can easily purchase products by providing their location, user details, payment information, and more, making it a convenient and user-friendly shopping experience for travelers.
Which legal entities is Nasher Miles associated with?
Currently, Nasher Miles operates under the 2 legal entity “Nasher Miles Ventures LLP” and “Nasher Miles Private Limited” which was incorporated on December 8, 2011.
| Legal Entity Name | Date of Incorporation |
|---|---|
| Nasher Miles Ventures LLP | December 8, 2011 |
| Nasher Miles Private Limited | February 14, 1990 |
Join us as we delve into the Nasher Miles Company Profile, uncovering the inspiration and drive that fueled the creation of Nasher Miles.
Nasher Miles Owner:
Abhishek Daga, Lokesh Daga and Shruti Kedia Daga are the owners and co-founders of Nasher Miles , a revolutionary brand Luggage brand in India
Founded in 2016, this company is focused on creating high-quality, sustainable luggage brand in India. Their products are not only affordable but also stylish and comfortable, offering a unique experience for every traveler.
If you want to find details about the owner of Nasher Miles then feel free to have a look over to there LinkedIn where you will find details about there education, experience and more I am providing the link of there profile in the list below:
- Lokesh Daga LinkedIn Profile
- Abhishek Daga LinkedIn Profile
- Shruti Kedia Daga LinkedIn Profile
Now lets move on to the next topic in Nasher Miles Company profile Financial overview where we will be primarily focusing on the net worth of Nasher Miles company.
Nasher Miles Net Worth:
According to a recent news article published on July 03, 2024, Nasher Miles has a total net worth of Rs 246 Crore (approximately $29.26 million).
Here is the table you requested:
| Shareholder Name | Post Round Holding % | Net Worth |
|---|---|---|
| Founder | 65.75% | 162 Cr |
| Fund | 1.96% | 4.84 Cr |
| Enterprise | 8.86% | 21.8 Cr |
| Angel | 6.60% | 16.3 Cr |
| ESOP Pool | 7.68% | 18.9 Cr |
| Other Investors | 9.14% | 22.5 Cr |
| Total | 99.99% | 246 Cr |
Let’s take a closer look at Nasher Miles financials to uncover the key factors driving its growth and examine other critical financial metrics. We’ll explore these aspects in detail, one by one.
Nasher Miles Funding:
Till now the company has raised four round of funding the details of the funding round along with the amount is provided in the table below
| Date of Funding | Funding Amount | Round Name |
|---|---|---|
| Jul 03, 2024 | $4M | Seed |
| Feb 28, 2024 | $1.1M | Seed |
| Mar 31, 2018 | $710K | Seed |
Key points from the overview of Nasher Miles history:
Here are the details of the funding rounds in key pointers
July 3, 2024
- Funding Amount: $4M
- Round: Seed
- Investors: Singularity Ventures AMC, Narendra Rathi, and 18 more
February 28, 2024
- Funding Amount: $1.1M
- Round: Seed
- Investors: Aman Gupta, Anupam Mittal
March 31, 2018
- Funding Amount: $710K
- Round: Seed
- Investors: Mfour Advisory, Pannalal Manicklal Daga
Now since we have got the clear picture on funding history of Nasher Miles now its time for us to move on to our next topic in Nasher Miles Company profile where we talking about the Investors in this company.
Nasher Miles Investors:
Aman Gupta, Anupam Mittal, Mohit Goyal, Namita Thapar, and Narendra Rathi are the known Investors in Nasher Miles company along with other Investors in the company who has Invested a total sum of $ 5.96 M.
List of Investors In Nasher Miles:
- Singularity Ventures AMC, Narendra Rathi, and along with eighteen more Investors
- Aman Gupta, Anupam Mittal, and along with eleven more Investors
- Mfour Advisory, Pannalal Manicklal Daga, and along with Nine more Investors
Now moving on to our next part in “Nasher Miles Company Profile ” where we will be talking about the total revenue the company has earned till now.
Nasher Miles Revenue:
According to the latest update on March 31, 2023, Jewelbox reported a revenue of $ 18.1 M which is roughly equal to Rs 145 Cr for the year 2023.
Looking at the current year’s revenue, the company has significantly surpassed its previous year’s figures and is on track to achieve the projected revenue of approximately Rs 200-240 crore by the start of the financial year 2024-2025.
Now moving on to the next part of the blog where we will be primary talking on the competitors of Nasher company Overview.
Nasher Miles Competitors:
Competitors are key players in determining the market landscape for any new startup. The more intense the competition, the harder it becomes to capture a significant market share, which can put a cap on your company’s growth potential.
Navigating a competitive field can challenge your strategy, but it also pushes you to innovate and stand out.
List of top 3 competitors of Nasher Miles :
- Mokobara
- Uppercase
- Assembly
Now since we have covered the competitors of Nasher in Nasher Miles Company Profile lets move on to the next part on company financial that is the valuation of the company that is important in determining the over all status of the company.
Nasher Miles Valuation:
After receiving the latest funding round of roughly $ 4 Million Doller which is roughly equal to approx. Rs 33 Crore securing the total valuation as per record to be $ 29.3 Million Doller which is roughly equal to Rs 246 Crore.
After getting the help and support from various investors its valuation is further going to Increase by the end of financial year 2025.
Now its time to move on to our next topic where we will be primally talking about the total turnover of the company.
Nasher Miles Turnover:
As of the latest update on March 31, 2024, the company has steadily achieved a turnover of approximately Rs 145 crore ($ 18.1 M) for the financial year 2023-2024. These impressive figures, especially for a startup, reflect the founders’ seasoned expertise and strong brand-building skills within the sector.
Now, let’s wrap up the Nasher Miles company profile by delving into the final topic that is set to have a massive impact on the company’s financial health and future growth that is the shark tank update of Nasher Miles company complete overview.
Nasher Miles shark tank India Season 3:
Nasher Miles Company made an exciting debut on Shark Tank Season 3, which aired on March 31, 2024. They impressed the sharks with their unique luggage design and most of all the quality was great. The sharks were interested in this idea as a more sustainable and innovative choice for the Luggage industry.
Nasher Miles shark tank funding in India:
Nasher Miles has successfully raised a total of $ 358 k (around Rs 3 crore) through two seed funding rounds, giving up 1.5% equity in the company.
Now in the last part of the blog we will be primarily talking on the most asked FAQ question related to Nasher Miles company profile.
FAQ question:
When was the latest funding round of Nasher Miles?
The latest funding round of Nasher Miles happened on Jul 03, 2024.
What is the annual revenue of Nasher Miles?
The total annual revenue of Nasher Miles according to its last update on March 31.2023 was some where around Rs 145 Crore.
Who are the investors nasher miles?
Aman Gupta, Anupam Mittal, Mohit Goyal, Namita Thapar, and Narendra Rathi are the popular Investors in nasher miles along with other investors as well.
Who is the founder of nasher miles in India?
Abhishek Daga, Lokesh Daga, and Shruti Kedia Daga are the founders of Nasher Miles.
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