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Bags Manufacturing Business Equity Stake For Sale in Mumbai, India

High-growth eco-friendly luggage brand with strong distribution seeking investment to scale manufacturing and retail expansion.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 100 - 500
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 10 - 20 million
Run Rate Sales USD 12.7 million
EBITDA Margin 0 - 10 %
Industries Bags Manufacturing
Locations  Mumbai
Local Time 4:24 AM Asia / Kolkata
Listed By Advisor / Business Broker
Status Active
Overall Rating
Partial Stake Sale
USD 5.3 million for 9.0% stake (Native Currency: INR 500,000,000)
Reason: The investment will be used for factory setup, exclusive brand outlet expansion, and overall busines... View More
Includes physical assets worth USD 1.06 million
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Business Overview
- Fast-growing luggage and travel gear brand offering eco-friendly, design-led backpacks, duffels, and suitcases.
- Founded by an industry veteran with prior leadership experience in scaling leading luggage brands in India.
- Achieved strong scale supported by a diversified product portfolio of 250+ SKUs.
- Products are eco-certified (GRS/RCS) with a focus on sustainable materials and innovation, including patented rain-proof technology.
- Operates through a robust omnichannel model with presence across online platforms and offline retail.
- Strong distribution network with 30+ distributors and presence across 1,700+ retail outlets nationwide.
- Backed by institutional investors, having raised significant funding including a recent round led by Accel.
- Supported by a team of 100 employees across manufacturing, design, sales, and operations.
- The high revenue is supported by a strong distribution network, high-volume retail presence, and scalable omnichannel sales beyond the core team size.
- The business holds a valid GST registration certificate.
Products & Services Overview
Backpacks, luggage, and travel gear catering to students, professionals, and travelers across online and retail channels.
Assets Overview
Tangible assets include a factory with machinery and inventory, while intangible assets comprise the brand, 250+ SKU design IP, a rain-proof technology patent (applied), and an established distribution network.
Facilities Overview
The business operates from an owned facility in Mumbai and utilizes five additional rented warehouses.
Capitalization Overview
The business is owned by a single promoter, has no outstanding loans, and is fully funded by the owner.
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1 Investor contacted this Business this week. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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