Latest news with #NasherMiles
Economic Times
5 days ago
- Business
- Economic Times
Nasher Miles to open 20–25 offline stores, eyes quick commerce growth
ETtech Lokesh Daga, CEO, Nasher Miles Direct-to-consumer (D2C) luggage brand Nasher Miles plans to open 20 to 25 exclusive brand outlets (EBOs) across India by the end of this financial year as it looks to expand its offline presence beyond online company currently has five to six launches in the pipeline, including three in Mumbai, two in Hyderabad, and one in Ahmedabad, and is scouting additional locations in tier-I cities. The goal is to scale up to 100 outlets over the next two years, chief executive officer Lokesh Daga told ET in an interaction. 'We are looking for opportunities as they come. The idea is to see whether we can scale to 100 stores over the next two years,' Daga said on the sidelines of the company's offline retail store launch in Mumbai. Quick commerce bets Even as it pushes offline expansion, Nasher Miles continues to scale rapidly through quick commerce platforms like Zepto, Blinkit, and Swiggy Instamart. Despite trolley bags being priced at Rs 2,000–3,000, the company said quick commerce currently contributes about 8% to total sales. It expects this share to rise to 15% by the end of FY25, depending on the expansion of dark stores and fulfilment capacity. 'Quick commerce is a very metro-focused phenomenon, and that is one channel growing at a very fast pace for us. Every month, we've been growing — last month we grew by 10%, and this month we will grow by another 10%. We expect the quick commerce run rate to reach 15% by the end of this financial year,' Daga reduce reliance on China and improve cost efficiencies, Nasher Miles has shifted a significant portion of its manufacturing to India over the past 18 months. While it previously sourced 90% of its products from China, today nearly 75% are made in India. The company claims this shift has helped cut costs by 20–25% and improve gross Miles initially created a sub-brand, Stony Brook by Nasher Miles, to test domestic manufacturing. With supply chains now stabilised, that brand is being phased out, Daga company, which had turned profitable earlier, went into the red in FY24 due to brand-building investments and the cost of testing Indian manufacturing but claims to have returned to profitability in FY25. According to Tracxn, Nasher Miles recorded a net loss of Rs 6.3 crore in FY24. In July 2024, Nasher Miles raised $4 million in a funding round led by the Singularity Early Opportunities Fund, Narendra Rathi of SoftBank Vision Fund, and Sulabh Arya of Goldman Sachs Growth Equity, among others, at a post-money valuation of $30 million, primarily to fund its omnichannel expansion. The company plans to raise additional funds after the festive season. 'We will actively go into the market probably post-season. The festive season is coming, and 50-60% of sales happen during these three to four months. So, we want to focus on execution first,' Daga said. Category diversification Currently, 92–95% of the company's revenue comes from trolley bags. However, it is now doubling down on other categories like backpacks and travel accessories, aiming to push their share to double digits by the end of this fiscal. The D2C luggage segment has seen growing investor interest. Last year, Mokobara raised $12 million in a round led by Peak XV Partners, valuing the company at $80 million post-money. In August 2024, venture capital firm Accel invested $9 million in Uppercase, nearly doubling its valuation to $60 million. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. India's gas dream runs on old pipes. Can a European fix unclog the future? Did Jane Street manipulate Indian market or exploit its shallowness? Newton vs. industry: Inside new norms that want your car to be more fuel-efficient Is gold always the best bet? Think again Do bank stress tests continue to serve their intended purpose? These large- and mid-cap stocks can give more than 24% return in 1 year, according to analysts Suited for the long term, even with headwinds: 8 stocks from healthcare & pharma sectors with upside potential of up to 39% Stock picks of the week: 5 stocks with consistent score improvement and return potential of more than 22% in 1 year
Time of India
5 days ago
- Business
- Time of India
Nasher Miles to open 20–25 offline stores, eyes quick commerce growth
Nasher Miles plans to open 20 to 25 exclusive brand outlets across India this year, aiming for 100 in two years. The D2C luggage brand is also growing fast on quick commerce platforms. With 75% of products now made in India, the company has cut costs and returned to profitability after FY24 losses. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Direct-to-consumer (D2C) luggage brand Nasher Miles plans to open 20 to 25 exclusive brand outlets ( EBOs ) across India by the end of this financial year as it looks to expand its offline presence beyond online company currently has five to six launches in the pipeline, including three in Mumbai, two in Hyderabad, and one in Ahmedabad, and is scouting additional locations in tier-I cities. The goal is to scale up to 100 outlets over the next two years, chief executive officer Lokesh Daga told ET in an interaction.'We are looking for opportunities as they come. The idea is to see whether we can scale to 100 stores over the next two years,' Daga said on the sidelines of the company's offline retail store launch in as it pushes offline expansion, Nasher Miles continues to scale rapidly through quick commerce platforms like Zepto, Blinkit, and Swiggy Instamart. Despite trolley bags being priced at Rs 2,000–3,000, the company said quick commerce currently contributes about 8% to total expects this share to rise to 15% by the end of FY25, depending on the expansion of dark stores and fulfilment capacity.'Quick commerce is a very metro-focused phenomenon, and that is one channel growing at a very fast pace for us. Every month, we've been growing — last month we grew by 10%, and this month we will grow by another 10%. We expect the quick commerce run rate to reach 15% by the end of this financial year,' Daga reduce reliance on China and improve cost efficiencies, Nasher Miles has shifted a significant portion of its manufacturing to India over the past 18 months. While it previously sourced 90% of its products from China, today nearly 75% are made in India. The company claims this shift has helped cut costs by 20–25% and improve gross Miles initially created a sub-brand, Stony Brook by Nasher Miles, to test domestic manufacturing. With supply chains now stabilised, that brand is being phased out, Daga company, which had turned profitable earlier, went into the red in FY24 due to brand-building investments and the cost of testing Indian manufacturing but claims to have returned to profitability in FY25. According to Tracxn, Nasher Miles recorded a net loss of Rs 6.3 crore in July 2024, Nasher Miles raised $4 million in a funding round led by the Singularity Early Opportunities Fund, Narendra Rathi of SoftBank Vision Fund, and Sulabh Arya of Goldman Sachs Growth Equity, among others, at a post-money valuation of $30 million, primarily to fund its omnichannel company plans to raise additional funds after the festive season. 'We will actively go into the market probably post-season. The festive season is coming, and 50-60% of sales happen during these three to four months. So, we want to focus on execution first,' Daga 92–95% of the company's revenue comes from trolley bags. However, it is now doubling down on other categories like backpacks and travel accessories, aiming to push their share to double digits by the end of this D2C luggage segment has seen growing investor interest. Last year, Mokobara raised $12 million in a round led by Peak XV Partners, valuing the company at $80 million post-money. In August 2024, venture capital firm Accel invested $9 million in Uppercase , nearly doubling its valuation to $60 million.
Hindustan Times
08-06-2025
- Hindustan Times
Nasher Miles trolley bags: 8 Best picks for premium suitcases that offer, quality and style
When it comes to travel, dragging around a clunky suitcase is a surefire mood killer. That's where Nasher Miles trolley bags step in. Known for their sleek designs and smart features, these suitcases are anything but basic. From short weekend escapes to long-haul flights, Nasher Miles luggage covers all kinds of needs without making your airport look boring. The best part? You're not just getting good looks. Nasher Miles bags also pack in durable materials, smooth wheels and thoughtful compartments that make packing less of a headache. If you've been eyeing an upgrade, now's a great time to look at these options. Below, we've rounded up 8 of the best Nasher Miles trolley bags that bring both quality and style. Designed for those who want function without sacrificing form, this Nasher Miles trolley blends the best of both worlds; a smart laptop bag and a compact suitcase. With a padded 16-inch laptop compartment and just enough space for essentials, it's perfect for quick work trips or city breaks. The smooth eight-wheel system and built-in lock add ease and safety without making things bulky or complicated. Nasher Miles Jet Set Go Pound Polyester 33 LTR Black Double 8 Spinner Wheels Suitcase Soft Sided Laptop Roller Case, Small, 45 Cm This light yellow Nasher Miles trolley brings charm and function to your child's travels. With a playful giraffe design, it makes packing fun while keeping things practical. Built from polycarbonate, it's strong enough for bumpy rides yet light enough for little hands. The two spacious compartments with elastic straps make sure clothes and toys stay in place, making it great for sleepovers, weekend trips or flights. Nasher Miles Tic Tac Toe Polycarbonate Hard-Sided Cabin Luggage for Kids Light Yellow 44cm|17inch Kids Trolley Bag |Zoo Giraffe With a sharp purple finish and clever features, this Nasher Miles trolley brings structure to short trips. The polycarbonate build gives it solid protection without the extra weight. Its wide aluminium handle feels stable and doesn't eat into packing space. The front padded pocket is especially handy, offering quick access to your laptop, tablet and travel essentials. Inside, compartments and waterproof pockets keep everything tidy and within easy reach. Nasher Miles Silicon Valley Hard-Sided Polycarbonate Cabin Luggage Purple 20 inch |55 Trolley Bag Bright and bold, this Nasher Miles trolley in a vibrant orange multicolour print brings flair to functional travel. Made from hard polycarbonate with a glossy finish, it resists scratches and keeps impact marks to a minimum. The 8-wheel spinner setup makes gliding through airports feel effortless. Inside, mesh pockets, zip compartments and down straps make organisation simple. Ideal for short trips, it's compact yet manages to fit more than you'd expect. Nasher Miles Manali Hard-Sided Polycarbonate Printed 8 Wheels Double Spinner Luggage Bag Cabin Orange Multicolor 20 inch |55cm Trolley Bag,Small This large 28-inch Nasher Miles trolley in yellow-grey brings both space and style to your longer trips. Made with a mix of ABS and co-extrusion polycarbonate, it's lightweight yet tough enough to handle international hauls. The eight spinner wheels move smoothly in all directions, while the aluminium handle makes it easy to steer. Inside, multiple mesh and hinge pockets help you pack smart without making a mess. Nasher Miles Istanbul Hard-Sided ABS and PC Check-in Luggage 28 inch | 75cm | 8 Wheels Large Trolley Bag for Travel | Suitcase (Yellow Grey) This two-piece set from Nasher Miles offers both style and practicality in a vibrant purple shade. Made from unbreakable polypropylene, these suitcases are lightweight yet tough enough for trips lasting up to a week. The dual compartments inside with adjustable straps and zip sections keep packing neat and simple. The eight spinner wheels and aluminium telescopic handles ensure smooth movement through busy terminals, making travel less stressful. Nasher Miles Vienna Hard-Sided Polypropylene Luggage Set of 2 | 55cm & 65cm | 8 Wheels Double Spinner Small & Medium Trolley Bag for Travel | Suitcase (Purple) This three-piece luggage set in pastel green combines durability and style for longer trips. Crafted from resilient polypropylene, these suitcases are lightweight yet built to protect your belongings. Each case features eight spinner wheels that glide smoothly in all directions. The interiors are thoughtfully designed with adjustable straps and mesh pockets, making packing and organising simple. Separate number locks add a layer of security ensuring your belongings are safe. Nasher Miles Vienna Hard-Sided Polypropylene Luggage Set of 2 | 55cm & 65cm | 8 Wheels Double Spinner Small & Medium Trolley Bag for Travel | Suitcase (Purple) This three-piece luggage set in pastel purple combines durability with practical features for trips longer than a week. Made from tough polypropylene, these cases include an expander that adds 25% extra packing space when needed. The built-in TSA-approved lock offers security without delays at airport checks. Eight 360-degree spinner wheels and adjustable telescopic handles make manoeuvring through crowds smooth and easy. Nasher Miles Antwerp Hard-Sided Polypropylene Luggage Set of 3 | 55cm, 65cm & 75cm | TSA Lock 8 Wheels & Expander Small, Medium & Large Trolley Bag for Travel | Suitcase (Pastel Purple) Yes, Nasher Miles is an Indian company. Founded in Mumbai, it has grown to become a well-known brand offering a variety of travel bags and luggage designed for modern travellers. The company is recognised for combining style with durability, making it a popular choice across India. Get vacation-ready! Up to 80% off on top picks for trolley bags Travel smarter, not harder: Your guide to affordable trolley bags under ₹2500 Duffles and backpacks at up to 60% off on Amazon; Top picks to buy now! Beyond basics: Fun and fashionable backpacks for girls; Top 8 picks Nasher Miles luggage is made from durable materials like polycarbonate, polypropylene, and polyester to ensure strength, lightweight feel, and long-lasting use. Yes, many Nasher Miles suitcases include built-in TSA-approved locks for added security and hassle-free airport inspections. Absolutely, Nasher Miles trolley bags come in cabin and check-in sizes that meet most airline requirements, making them travel-friendly. With features like eight 360-degree spinner wheels and ergonomic telescopic handles, Nasher Miles luggage offers smooth and effortless movement. Disclaimer: At Hindustan Times, we help you stay up-to-date with the latest trends and products. Hindustan Times has an affiliate partnership, so we may get a part of the revenue when you make a purchase. We shall not be liable for any claim under applicable laws, including but not limited to the Consumer Protection Act, 2019, concerning the products. The products listed in this article are in no particular order of priority.
Hindustan Times
02-06-2025
- Hindustan Times
Amazon Wardrobe Refresh Sale: Shop premium trolley sets at up to 60% off from Mokobara, Nasher Miles, Uppercase and more
Luggage might not always be the star of your packing list, but the right trolley set changes everything. During the Amazon Wardrobe Refresh Sale, you can finally replace your overworked suitcase without spending a fortune. This sale offers up to 60% off a range of stylish and functional options from trusted names like Mokobara, Nasher Miles, Uppercase, and Assembly luggage. These trolley sets seamlessly blend aesthetics with thoughtful design, making them perfect for both short escapes and long trips. From sleek finishes to organised interiors, there's something for every type of traveller. If you've been thinking of investing in luggage that makes packing feel less like a chore, the Amazon Sale 2025 might be your best excuse yet. This 3-piece set includes 20, 24 and 28-inch trolleys with lightweight ABS shells and 360-degree spinner wheels. Each expands by 2 inches for extra space, while moulded corners absorb impact. Interiors come fully lined with garment straps and zippered compartments. Easy to lift, roll and pack, this set is ideal for both quick trips and longer holidays. This sleek Mokobara set blends design with functionality. Made from durable German Makrolon, the polycarbonate shell is water-resistant and surprisingly light. The set includes cabin, medium and large trolleys with silent Hinomoto spinner wheels. Bonus features include a USB port, TSA locks and compression pads. It also comes with a dust bag, laundry bag and a six-year warranty. This pastel green set from Nasher Miles includes 20, 24 and 28-inch trolleys crafted from tough polypropylene. Lightweight yet strong, each case offers silent spinner wheels, built-in number locks and grab handles for easy handling. Interiors come thoughtfully organised with mesh pockets and straps, making packing simple. Perfect for trips lasting a week or more, with secure and stylish storage. The VIP Corsa set features ultra-strong polypropylene cases in 55, 66 and 76cm sizes, all made in India. Scratch-resistant, water-resistant and surprisingly light, each case glides on silent dual spinner wheels. With a 3-point combination lock, ergonomic handles and smart internal dividers, this set makes packing simple and secure for long and short trips alike. This dual-tone set from Uppercase includes small and medium hard-sided trolleys designed with eco-conscious materials. With TSA locks, anti-theft zippers and shock-absorbing lugs, it keeps your belongings protected. The 8-wheel system ensures smooth movement, while in-built laundry compartments, ConviPacks and packing cubes help you stay organised. A smart option for those who like practical luggage with a clean design. This beige Swiss Military set includes three sizes built from tough polypropylene for long-lasting use. Each case features smooth 360° rotating wheels and a secure 3-dial combination lock. With roomy interiors and extra compartments, packing feels more streamlined. The structured design adds a clean, no-fuss look that works well for both business and casual travel. This three-piece Samsonite set in Lagoon blue features lightweight polycarbonate shells with a scratch-resistant honeycomb texture. Each case includes four smooth spinner wheels, a telescoping handle and expandable interiors for extra packing space. TSA locks offer added security, while mesh pockets and a compression panel keep your items neatly arranged. A solid choice for efficient and stylish travel. This navy Tommy Hilfiger set features three water-resistant, lightweight hard-shell suitcases with a combined capacity of 113 litres. Each trolley comes with smooth 360-degree dual wheels, a top handle and a retractable aluminium trolley handle for easy manoeuvring. The TSA lock adds security, while the stylish design ensures you travel with both confidence and flair. Get vacation-ready! Up to 80% off on top picks for trolley bags Travel smarter, not harder: Your guide to affordable trolley bags under ₹2500 Duffles and backpacks at up to 60% off on Amazon; Top picks to buy now! Beyond basics: Fun and fashionable backpacks for girls; Top 8 picks Focus on durability, wheel quality, weight, storage space and security features like TSA locks. Most sets come in two or three pieces, covering cabin, medium and large sizes for varied trip lengths. Spinner wheels offer smooth 360-degree movement, making it easier to manoeuvre through crowded spaces. Many models include expandable compartments to give you extra room when needed without adding bulk. Disclaimer: At Hindustan Times, we help you stay up-to-date with the latest trends and products. Hindustan Times has an affiliate partnership, so we may get a part of the revenue when you make a purchase. We shall not be liable for any claim under applicable laws, including but not limited to the Consumer Protection Act, 2019, concerning the products. The products listed in this article are in no particular order of priority.
Entrepreneur
24-05-2025
- Business
- Entrepreneur
Nasher Miles: Packed Up to Clock Rs 200 Crore in FY26
It operates as a multi-channel retailer in the mass premium segment of luggage and backpacks, present on all leading e-commerce and quick commerce platforms, and now expanding into offline retail You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Nasher Miles began its startup journey in 2014 as online retailers across multiple categories – from appliances and lighting to sunglasses, handbags, and luggage. "We were active on all major e-commerce platforms including Amazon, Flipkart, Tata Cliq, and Myntra," says Abhishek Daga, Founder and Chairman, Nasher Miles. "During this phase as online resellers, we noticed a significant gap in the luggage market. Most established brands were offering very basic options – black, blue, and grey – with limited design variety. At the same time, we observed that the new generation of travelers was open to experimenting with bold, vibrant, and unconventional colors and designs – something rarely seen in luggage products. With India's travel sector booming, we saw a clear opportunity," says Abhiskek. This insight, combined with a strong gut instinct, led to the birth of Nasher Miles in August 2017. Founded by Abhishek Daga, Lokesh Daga, and Shruti Kedia Daga, Nasher Miles started as one of India's early D2C luggage brands. The brand quickly built a reputation for offering a wide variety of colors and designs in the online ecosystem. Nasher Miles operates as a multi-channel retailer in the mass premium segment of luggage and backpacks. It is present on all leading e-commerce and quick commerce platforms, and now expanding into offline retail with over 1,150 multi-brand outlets and three exclusive brand outlets set to launch soon. Moving Ahead Nasher Miles is in advanced discussions to enter top modern trade stores such as Lulu and Lifestyle, says Abhiskek. "While our core focus remains on polypropylene hard luggage, we have recently expanded into backpacks and travel accessories like luggage covers and neck pillows. Our target audience includes Gen Z, millennials, and young urban professionals, but we are also gaining strong traction in tie-2 and tier-3 cities, a testament to our growing offline presence and our resonance with aspirational India," he says. In a notable shift, the brand recently completed its first export order to the Middle East. "Within the past year, we have pivoted from being 88 per cent import-dependent to becoming a major domestic producer. By June 2025, we aim to source 70 per cent of our products locally," says Abhiskek. Quick commerce has given impressive growth for the brand. "We are currently doing a monthly sellout of over INR 75 lakh through Q-commerce platforms – a figure that we expect to more than double in the next two quarters," says says Abhiskek. In terms of growth plans, Nasher Miles started modestly with a topline of INR 2.2 crore in 2017-18. "For FY 2024–25, we are on track to close at INR 120 crore. Our goal for FY 2025-26 is to reach a topline of INR 200 crore," says Abhiskek. Company Facts • Year of Inception: 2017 • Bestselling Product: Paris • Social Media Following: o Instagram: 65K o Facebook: 7.6K o LinkedIn: 9.5K • FY 2024–25 Turnover: ₹120 Cr • External Funding Raised: ₹38 Cr • Number of Employees: 106
