MTailor is a firm that sells personalized men’s apparel (shirts, suits, and jeans) by using the camera on your phone to measure you. Miles Penn founded MTailor in 2013. When he created this app, he was a Stanford University student. MTailor is the first and only way to experience the luxury of personalized apparel in a simple and accessible way. A high-tech custom dress shirt company that allows you to measure, buy, and have a custom dress shirt delivered to your home using only your phone .Come down to know about MTailor revenue, net worth, founder, Shark Tank, and many more:
MTailor revenue and net worth: Valuation 2022
Mtailor, as a company in San Francisco, California owned by Miles, a very dedicated developer and entrepreneur, is set to gain more ground and success. He was a Stanford University student when he invented this app. MTailor provides men’s personalized apparel (shirts, suits, and jeans) by measuring you with the camera on your phone. The computer vision technology used by MTailor is 20% more accurate than that of a professional tailor. Custom shirts begin at $69, custom suits begin at $499, and custom jeans begin at $79. Mtailor is currently valued at about revenue of $2,138,000 and an estimated net worth $20 Million and still, the company is expanding.
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The MTailor website is now active, and the app currently has 4.5-star ratings on iTunes and 3.5-star ratings on Google Play. Miles Penn was on Shark Tank in search of a $25 million value for his Mtailor company, but he left empty-handed without a deal.
How did MTailor start? Is MTailor still on business?
Miles Penn, the founder and CEO of MTailor, was tired of wasting time and money every time he required a dress shirt. He had a bad experience with online purchasing because the shirts provided were not custom-fit for him. Penn made a decision to solve his dress shirt problem. With the help of a Stanford University acquaintance, he created the exclusive app. Penn launched MTailor, an Android and iOS app for guys all around the United States, in 2012 to encourage them to “Stop wearing another man’s clothing.”
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Penn persisted despite the Shark’s harsh criticism in 2018, and Mtailor has grown to be a very successful company. MTailor has raised $7.2 million in venture finance, including $5.2 million in 2018 from Khosla Ventures. The Mens clothing company MTailor Masks were launched in early 2020 and are included with all orders but may also be purchased individually. These masks, which act as protective cloth coverings, are part of Mtailor’s COVID-19 prevention effort.
Who is the Founder of MTailor?
Miles Penn launched MTailor in 2013. When he designed this app, he was a Stanford University student. He created the application in high school and launched the company after demonstrating that the prototype functioned. Miles Penn is the current Chief Executive Officer of Bit Body, Inc., MTailor’s parent company.
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MTailor on Shark Tank : Did MTailor Get a Deal on Shark Tank?
In Shark Tank episode 721, Miles Penn presents MTailor, an app that measures you for custom-made clothing. Miles Penn went to Shark Tank in search of $2.5 million in exchange for a 10% stake in his company. MTailor was valued at $25 million at the time of this initial pitch. Miles illustrates how to choose a shirt from over 10,000 different styles and colors. MTailor, on the other hand, went empty-handed after failing to strike a deal.
MTailor has continued to develop despite turning down two Sharks’ proposals. Khosla Ventures provided MTailor with $5.2 million in investment in 2018. So far, the company has garnered $7.2 million in investment. The company is doing well in its field. On Android, the MTailor app has a 4.1 star rating, and on iTunes, it has a 4.5 star rating. At least 600,000 people have downloaded the app.