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Nasher Miles raises $4 million in bridge round led by Singularity Early Opportunities Fund, SoftBank Vision Fund, and Goldman Sachs Growth Equity

Jul 26, 202412 months ago

Amount Raised

$4 Million

MumbaiManufacturing

Investors

Goldman Sachs Growth EquitySoft Bank Vision FundSingularity Early Opportunities Fund

Description

Direct-to-consumer (D2C) luggage brand Nasher Miles has raised $4 million in a bridge round to accelerate its omnichannel expansion and increase its offline presence across India.

Company Information

Company

Nasher Miles

Location

Mumbai, Maharashtra, India

About

Nasher Miles is a contemporary travel company. We produces and markets a variety of hard side and soft side luggage, backpacks, and duffle bags. The company has recently forayed into the production of luggage covers and masks. The Name Nasher is derived from the Persian word "Nasher Kardan" meaning to publish. The word "Miles" underlines every mile of the journey of a traveler. The term "Nasher Miles" together refers to a promise of bringing to the world, real travel experiences. The brand is a new-age digital-first brand, committed to making travel easy, efficient, and tasteful for you. It is led by individuals who come from diverse backgrounds with one thing in common - their love for travel. A couple of years ago, on an international terminal waiting for their luggage on the baggage belt, they realized how monotonous every bag looked. This seemed like an opportunity to break the clutter and led to the creation of a brand that is driven by nothing but innovation. Every single piece created at Nasher Miles is designed and engineered to set the customer apart.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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