Nasher Miles Shark Tank India Season 3: There are multiple luggage brands but finding unique and attractive bags is quite difficult due to the less innovative designs in this segment. Nasher Miles is one such brand that has understood this requirement and launched its extra attractive travel and luggage bags. To learn more about Masher Miles Shark Tank India Season 3, stay tuned with us till the end.
Nasher Miles Shark Tank India Season 3
Nasher Miles is a new-age innovative luggage and travel bag brand in India that has focused on its designs to improve user experience and that is why the most admired luggage brand as well. The founders of Nasher Miles presented their products to the Sharks.
At the same time, Assembly Luggage, a travel and luggage brag brand in India, also pitched to the Sharks. Due to the same products, this is the first time such a match-off has been seen on Shark Tank and it was very interesting for the audience.
Nasher Miles started to bridge the gap in the market of bags for trendy styles and innovative designs. The brand has all the categories of travel and luggage bags and has also given you the option to choose among 13 exciting colors that you won’t find at other brands. This is a hilarious thing in this industry.
Founders of Nasher Miles
Lokesh Daga (CEO), Abhishek Daga (Chairman), and Shruti Kedia Daga (Marketing Head) are the founders of Nasher Miles, a new-age digital-first luggage brand in India.
Lokesh completed his schooling at Frank Anthony Public School and then enrolled in the Institute of Engineering and Management to pursue his Bachelor of Technology in computer science, after that, Lokesh enrolled in the Jain Institute of Management & Research to pursue his Master of Business Administration in Marketing Management.
Lokesh Daga is the co-founder and CEO of Nasher Miles. He started his professional career journey at Philips Electronics India Limited in 2009 and worked for around 5 years in different positions and left the company in August 2014 to start his entrepreneurial journey. He co-founded GoTo Style Mart in 2014 and serving the company as a Director till now.
Abhishek Daga holds a Bachelor of Engineering in Machine Tool Technology from Somaiya Vidyavihar University and he also holds a Master of Science Degree in Management Information Systems from Arizona State University.
Abhishek Daga is the co-founder and Chairman of Nasher Miles. He started his professional career at GoTo as a category manager in 1999 and then joined MFour Advisory Pvt Ltd as a Director in 2006. He left the company in 2017 to start Nasher Miles.
Shruti Kedia Daga holds a Business Management Studies Degree from Mumbai University and she also holds a Master of Business Administration from Jain Institute of Management & Research which she completed in 2009.
Shruti Kedia Daga is the co-founder and Marketing Head of Nasher Miles. She has worked at Edelweiss Capital Limited from June 2006 – May 2007. In 2009, after completing her MBA, she joined Prime Focus Ltd as a Marketing & Business Development Manager. She left the company in 2011 to join ICICI Bank as a Credit Card Manager.
Meet: All the 12 Shark Tank India Season 3 Judges.
Nasher Miles Shark Tank Business Deal
Nasher Miles on Shark Tank India Season 3 episode aired on 9 February 2024. The founders presented their products to the Sharks and asked for Rs 3 Cr in exchange for 0.75% equity. Initially, there were 2 offers them. First from Anupam Mittal, Vineeta Singh, Namita Thapar, and Ritesh Agarwal which was Rs 3 Cr for 1% equity along with 1% royalty until 3 Cr is recouped and the second offer was from Aman Gupta which was Rs 1 Cr for 1% equity and Rs 2 Cr on debt at 10% interest rate.
After discussion, Aman also became part of the 4 Shark deal it became a 5 Shark Deal with the offer of Rs 3 Cr in exchange for 1.5% equity along with 1% royalty until 3 Crore is recouped. The founders did not want to take a royalty deal but due to the Take it or Leave it situation, they took the 5 Shark Deal.
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Final Words
In this write-up, I have shared all the crucial details regarding Nasher Miles Shark Tank India Season 3 including the pitch, business, and founders. The founders of Nasher Miles have done a great job by finding a gap in this cluttered market and enhancing the traveling experience with its unique, attractive, and innovative designs that meet the needs of a traveler in every aspect.
Hope this Nasher Miles Shark Tank business deal was learnable for you and the content I have shared was also useful for you. To get instant updates about Shark Tank India Season 3, stay connected with us. Thanks for reading.
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FAQs
Who is the founder of Nasher Miles?
Lokesh Daga (CEO), Abhishek Daga (Chairman), and Shruti Kedia Daga (Marketing Head) are the founders of Nasher Miles, a new-age digital-first luggage brand in India.
Is Nasher Miles an Indian brand?
Nasher Miles is an Indian new-age innovative luggage and travel bag brand based in Mumbai, Maharashtra.
