"Dream, Dream, Dream! Conduct these dreams into thoughts, and then transform them into action."
- Dr. A. P. J. Abdul Kalam
28 Mar 2023
In the world of fashion, the market is often dominated by big brands and high-end designers. It can be challenging for small businesses to make their mark, but that is exactly what the founders of Maisha Lifestyle did. This homegrown company based in Ahmedabad, Gujarat, has become a go-to choice for many women in India looking for stylish and affordable handbags made from eco-friendly materials. And their hard work and creativity paid off when they appeared on Shark Tank India.
Maisha Lifestyle was founded by Esha Shah, Nayan Shah, and Neel Vora. Esha is the creative head of the company, handling the design and social media aspects, while Nayan is the Head of Operations, bringing his engineering and marketing degrees to the table. Neel is a marketing expert, with an MBA degree and experience in the banking industry. Together, they have created a brand that combines style, sustainability, and affordability.
When Maisha Lifestyle appeared on Shark Tank India, they were seeking a ₹75 lakh investment for a 3% stake in their company. They faced tough questions from the sharks, who pointed out that the handbag market was highly competitive and difficult to scale. However, Amit Jain saw the potential in their brand and offered them a deal. He invested ₹10 lakhs for a 1% equity stake and provided a loan of ₹65 lakhs at 18% interest.
The founders of Maisha Lifestyle were thrilled with the outcome, calling it the most precious day in their journey. They also expressed gratitude to Amit for believing in their brand.
What sets Maisha Lifestyle apart from other handbag brands is its commitment to using eco-friendly materials and supporting local artisans. Their bags are handcrafted and handmade by artisans using the finest weaves of cotton and jute. They also use minimal vegan leather instead of animal leather. This commitment to sustainability and ethical practices has resonated with consumers, including celebrities like Sara Ali Khan, Kamya Jani, and Soha Ali Khan.
In addition to its success with handbags, Maisha Lifestyle is also exploring opportunities in the footwear category. With their eye for design and commitment to sustainability, it's clear that Maisha Lifestyle is a brand to watch. The founders of Maisha Lifestyle have proven that with hard work, creativity, and a commitment to sustainability, small businesses can succeed in the competitive world of fashion.