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Battery compartment on Vande Bharat Express from Rani Kamlapati to Nizamuddin catches fire at 5:40am. All passengers safely evacuated. Congress leader Ajay Singh was on board. Defective batteries suspected.

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TN Higher Education Minister Ponmudy allowed to go home after 8 hours by ED post grueling interrogations. DMK spokesperson criticizes long questioning stating a violation of Human Rights.

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Battery compartment on Vande Bharat Express from Rani Kamlapati to Nizamuddin catches fire at 5:40am. All passengers safely evacuated. Congress leader Ajay Singh was on board. Defective batteries suspected.

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TN Higher Education Minister Ponmudy allowed to go home after 8 hours by ED post grueling interrogations. DMK spokesperson criticizes long questioning stating a violation of Human Rights.

Nasher Miles, Well-travelled

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Valuation turns around!

  • D2C luggage brand Nasher Miles’ valuation jumped to USD30 million (around INR 246 crore) after it had raised USD4 million (around INR 32.8 crore) in a bridge funding round from a host of private equity firms, friends and family offices.
  • SoftBank Vision Fund’s investment director Narendra Rathi, Goldman Sachs Growth Equity’s executive director Sulabh Arya and CVC Capital Partners’ former managing director Mohit Goyal participated in the round.
  • The company plans to use the fresh funds to scale for its omnichannel expansion, strengthening its quick commerce presence across cities and enhancing domestic manufacturing up to 75%.
  • Founded in 2017 by Lokesh Daga, Abhishek Daga and Shruti Kedia Daga, Nasher Miles 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.
  • Nasher Miles has appointed Indian cricketer Rishabh Pant as its brand ambassador who had been a proud face of Nasher Miles. His persona echoes with the brand’s motto of making travel experiences more fun, efficient, and memorable through its wide range of affordable travel bags and accessories.

    • The travel

  • Launched in 2017, Nasher Miles has been a trailblazer in the Indian luggage industry, offering innovative and stylish trolley bags that have become a favorite among globetrotters. The brand's journey from bootstrapping with zero external funding for six years to bagging a staggering valuation of INR 200 Crore on Shark Tank India is a testament to its resilience, vision, and commitment to excellence.
  • The announcement of Nasher Miles landing an All-Shark Deal is creating waves in the business and entrepreneurial community. This achievement not only validates the brand's unique value proposition but also showcases the confidence that the esteemed panel of judges has in Nasher Miles's potential for growth and success.
  • The founders and the entire Nasher Miles team are ecstatic about the overwhelming support received from all the Sharks. The strategic partnership forged on the Shark Tank platform will undoubtedly propel Nasher Miles into a new era of expansion, innovation, and market dominance.
  • Nasher Miles aims to strengthen its quick commerce presence in select cities and boost its production capacity within India, with the goal of achieving 70-75% domestic manufacturing by December 2024.
  • According to the company, it has appointed over 20 distributors across the country and has established its presence in 150 stores within two and a half months.
  • The company projects its offline channel to become a USD 12 million.

    • Editor’s Note

    Nasher Miles operates in a highly competitive landscape with high performing players like Uppercase, Mokobora and Eume. Once upon a time, luggage used to be stodgy, reliable and enduring. Except for the rich, who prized their large legacy Louis Vuitton Travel Trunks (some still do, but strictly for use on private jets and yachts), the middle class preferred the durability of impedimenta over style. Not anymore. Any show-offy product of the New Indian Luggage revolution has become a status symbol across classes

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