Akshata Sharma
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D2C luggage brand Nasher Miles' valuation jumped to $30 Mn (around INR 246 Cr) after it had raised $4 Mn (around INR 32.8 Cr) in a bridge funding round from a host of private equity firms, friends and family offices
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, Nasheer 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.
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