๐ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐ฅ
โ
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator โ
Log In
News on Medial
Luggage brand Nasher Miles kicks off funding discussions, hires banker
VCCircle
ยท
1y ago
Medial
Mumbai-based luggage brand Nasher Miles is in talks with institutional investors to raise its first round of funding. The company, which competes with Mokobara and Uppercase, is seeking to secure $8-10 million in primary capital. Nasher Miles is on the lookout for investors to support its growth and expansion plans.
View Source
Related News
Nasher Miles looking at maiden funding round by end of this year
VCCircle
ยท
1y ago
Medial
Nasher Miles, an omnichannel luggage brand, is looking to raise its first institutional round of funding by the end of this year. The Mumbai-based brand aims to use the funds to support its offline expansion and expand its team. Nasher Miles competes with other brands such as Mokobara and Uppercase in the luggage market.
View Source
Luggage brand Nasher Miles bags $4 Mn in bridge round
Entrackr
ยท
1y ago
Medial
Nasher Miles, a digital-first luggage brand, has raised $4 million in its bridge round to Series A from Singularity Early Opportunities Fund, Narendra Rathi (SoftBank Vision Fund), Sulabh Arya (Goldman Sachs Growth Equity) and Mohit Goyal (CVC Capital Partners) amongst others. As per the company, the funds raised at a post money valuation of $30 million. Earlier in February this year, the Mumbai-based startup had raised funds from all five judges in the Shark Tank India-3 by securing a valuation of Rs 200 crore ($23.8 million). The proceeds will be used to support Nasher Milesโ omnichannel expansion plans. It aims to expand its offline presence to 1,000 multi-brand outlets across India by the end of the calendar year, while also opening 3-5 exclusive brand outlets this financial year. Additionally, Nasher Miles plans to strengthen its quick commerce presence in select cities and increase its production capacity in India, targeting 70-75% domestic manufacturing by December 2024. Launched in 2017 by Shruti Kedia Daga, Lokesh Daga, and Abhishek Daga, Nasher Miles is an internet-first brand of travel bags & luggage. Its product catalog includes corporate backpacks, outdoor travel bags, luggage sets, laptop roller cases, and accessories like luggage covers, neck pillows & masks, backpack rain covers, and more of different customized prints and colors. Nasher claims to have appointed over 20 distributors nationwide and established a presence in 150 stores within just two and a half months. The firm projects its offline channel to become a $12 million revenue stream in the next financial year.
View Source
D2C luggage brand Mokobara raises $12 million in funding from Peak XV Partners, existing investors
Economic Times
ยท
1y ago
Medial
Indian luggage brand Mokobara has raised $12m in a funding round led by Peak XV Partners, valuing the company at $80m. Sauce VC and Saama Capital, existing backers, also participated. Mokobara, founded in 2020 by former Urban Ladder executives Sangeet Agrawal and Navin Parwal, has raised a total of $20m to date. The company plans to open 25 stores by April and operates in the mid-premium segment of the luggage market, competing with the likes of American Tourister and Nasher Miles.
View Source
D2C luggage brand uppercase raises $9 Mn led by Accel
Entrackr
ยท
11m ago
Medial
D2C luggage brand Uppercase (Acefour Accessories) has raised $9 million in a Series B round led by venture capital firm Accel. As per uppercase, it has raised the new round at a post money valuation of $60 million. In 2022, the company had raised $7 million in apPre-Series A funding round led by Sixth Sense Ventures, with participation from Volrado Venture Partners. The funding will support business expansion, aiming to increase its customer base across India, uppercase said in a press release. Founded by Sudip Ghose, uppercase sells travel gear online and through 1,800 multi-brand stores across India. Its products are priced in the range of Rs 3,500-5,000. The Mumbai-based company aims to achieve its Rs 500 crore goal by adding 250 exclusive retail stores over the next three years. Earlier this year, luggage brand Mokobara raised $12 million in a Series B funding round led by Peak XV Partners. Besides Mokobara, uppercase also competes with Assembly, Nasher Miles and EUME. While Nasher miles raised $4 million in July, EUME bagged $1.7 million in June. As per startup data intelligence platform TheKredible, uppercase reported an operating revenue of Rs 10.65 crore in FY23 with Rs 21 crore loss. The company is targeting to more than double its revenue to Rs 150 crore by FY25, up from Rs 70 crore in FY24.
View Source
ETtech Deals Digest: Startup funding plummets 80% YoY to $58.3 million this week
Economic Times
ยท
1y ago
Medial
Startups saw a sharp decline in funding during the fourth week of July, with only $58.3 million raised compared to $293 million in the same period last year. This marks an 80.1% decrease in funding and a 72.3% drop from the previous week. Only eight funding rounds took place, down from 28 rounds last year. Space startup Unimech Aerospace secured the largest deal, raising $30 million in a funding round led by Steadview Capital, ValueQuest Scale Fund, and Evolvence India. Other significant deals included wealthtech startup Stable Money raising $15 million and flexible workspace provider Incuspaze raising $8 million. Nasher Miles, a direct-to-consumer luggage brand, also raised $4 million.
View Source
IT services firm Novigo in talks to sell majority stake, hires banker
VCCircle
ยท
9m ago
Medial
Novigo Solutions Pvt Ltd, an IT services company based in India and the US, is reportedly in discussions to sell a majority stake and has hired a banker to assist with the process. Multiple strategic buyers, including mid-tier IT companies and IT services platforms formed by private equity firms, are currently evaluating the firm.
View Source
D2C kids apparel brand Includ kicks off talks for Series A funding
VCCircle
ยท
4m ago
Medial
Includ, a direct-to-consumer kids apparel brand supported by Japanese venture capital firm Incubate Fund Asia, is engaging in discussions with potential investors to secure Series A funding. This initiative represents Includ's second round of funding, following a successful seed round where it raised $1.5 million. The expansion aims to bolster the brand's growth and market presence in the competitive children's apparel sector as it leverages new investment opportunities.
View Source
QSR chain Tibbs Frankie eyes maiden funding round, appoints banker
VCCircle
ยท
4m ago
Medial
Tibbs Foods Pvt Ltd, the Mumbai-based quick service food chain operating under the Tibbs Frankie brand, is engaging in early discussions to secure its first external funding round from institutional investors. The company, known for its variety of rolls and rice dishes, has appointed a banker to facilitate this process. This move marks Tibbs Foods' initial step towards raising external capital to potentially expand its operations and strengthen its market presence.
View Source
IvyCap-backed apparel brand Snitch kicks off talks for Series B round
VCCircle
ยท
5m ago
Medial
Men's fashion brand Snitch Apparels Pvt Ltd is engaging with growth-stage investors and mid-market private equity firms to secure a Series B funding round. The Bengaluru-based company aims to use the capital to support its expansion strategies. This comes as Snitch continues to build upon its offerings in the men's apparel market, having already received backing from IvyCap Ventures. The funding discussions are part of Snitch's broader efforts to strengthen its market position.
View Source
Peak XV in talks to invest in new-age luggage brand Mokobara
Economic Times
ยท
1y ago
Medial
Peak XV Partners, formerly Sequoia Capital India, is in talks to invest in the direct-to-consumer luggage brand Mokobara. The investment could value the startup at $65-80 million, with another consumer brand-focussed investment fund potentially joining the round. The investment is expected to be in the range of $12-15 million. These discussions come amidst increasing interest from venture investors in internet-first D2C brands.
View Source
Trackers
Active Indian VCโs
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything thatโs happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in