The latest season of Shark Tank India has witnessed numerous aspiring entrepreneurs vying for the opportunity to secure investment from the country’s esteemed business magnates. Among the standout deals of the season, one Mumbai-based startup has emerged triumphant, clinching a staggering Rs 200 crore deal that has garnered widespread attention.
Nasher Miles, founded by Abhishek Daga, Lokesh Daga, and Shruti Kedia Daga, caught the eye of the sharks with their innovative approach to the bag market. Presenting their distinctive range of bags, the founders showcased their commitment to offering unique and easily identifiable products in a crowded marketplace.
Despite facing rigorous scrutiny and tough questioning from the sharks, the Nasher Miles team stood their ground, impressing the panel with their vision and business acumen. The culmination of their efforts resulted in a remarkable Rs 200 crore valuation for their nascent venture, solidifying their position as one of the top deals of the season.
Nasher Miles’ journey began in 2017, during a time when the online bag market was still in its infancy. Recognizing the potential of the digital space, the founders capitalized on the opportunity, establishing themselves as pioneers in the industry. Focusing on key elements such as style, variety, and fashion, they curated a diverse range of bags inspired by renowned travel destinations.
Central to Nasher Miles’ success is their commitment to affordability and durability, with the company offering over 100 different bag colors to cater to diverse consumer preferences. While a significant portion of their products is manufactured in China, the founders remain dedicated to supporting local production in India, ensuring a balance between quality and cost-effectiveness.
The remarkable journey of Nasher Miles serves as a testament to the power of innovation and perseverance in the competitive startup landscape. With their groundbreaking deal on Shark Tank India, the founders have not only secured substantial investment but also cemented their position as trailblazers in the world of entrepreneurship. As they continue to chart their path to success, Nasher Miles remains a shining example of Indian ingenuity and ambition in the global business arena.
