In a remarkable episode of Shark Tank India-3, Nasher Miles, a Mumbai-based startup specializing in designer bags, achieved a groundbreaking valuation of Rs 200 crore and made history by securing an All 5 Shark deal. Let’s dive into the inspiring journey of this innovative brand that defied the odds and captured the attention of top investors.
Key Highlights:
Zero Funding to Rs 200 Crore Valuation: Nasher Miles’ journey from inception without external funding to a valuation of Rs 200 crore showcases their resilience and strategic growth.
All 5 Shark Deal: Aman Gupta, Anupam Mittal, Namita Thapar, Ritesh Aggarwal, and Vineeta Singh were all impressed by Nasher Miles’ unique offerings, leading to an unprecedented All 5 Shark deal.
Entrepreneurial Ambition: The founders of Nasher Miles, Abhishek Daga, Lokesh Daga, and Shruti Kedia Daga, demonstrated their entrepreneurial spirit and determination to succeed in the competitive market.
Story Behind Nasher Miles:
Nasher Miles embarked on its journey in 2017 when the online bag market was still nascent. Despite the challenges, the founders believed in their vision of creating distinctive bags that stood out in a crowded market. Their commitment to quality and innovation set them apart and caught the attention of the Sharks on Shark Tank India-
Impressive Valuation and Deal:
The Sharks, known for their tough questions and high standards, were thoroughly impressed by Nasher Miles’ business model and product uniqueness. The startup’s valuation of Rs 200 crore was a testament to their hard work and dedication. Securing an All 5 Shark deal was a dream come true for the founders who had built their company from scratch.
Future Prospects:
With this significant investment and support from seasoned investors, Nasher Miles is poised for exponential growth and nationwide recognition. The success story of this Mumbai-based startup serves as an inspiration to aspiring entrepreneurs looking to make their mark in the business world.
