| Founder: | Miles Penn |
|---|---|
| Industry: | Clothing & Apparel |
| Country: | United States |
| Years Active: | 2012–present |
| Last Updated: | Sep 2018 |
Mtailor ishigh-tech custom dress-shirt company. With your phone camera, you can get a custom made shirt with a perfect fit and size delivered to your doorstep, this process cuts out the middle man (the tailor) and allows Mtailor to be able to sell shirts between $55-$69 each lower than the usual cost of a custom made dress-shirts. The founderMiles Pennclaims that measurements for Mtailor shirts are 20% more accurate than the a professional tailor and there are over 10,000 unique shirt combinations that can be picked and chosen from the app. This company in form of an app digitizes the tailor or better still, cuts off the tailor and middleman. The idea behind this app is amazing because most men always struggle with finding perfect fits, as a man you sometimes have to order close to fiver (5) shirts just to find one that fits. In order to scale Mtailor, Miles Penn decided to head over to San Francisco to pitch the brand to Shark Tank investors, he asked for $2.5 Million dollars in exchange for 10% of the company, he didn’t get the investment because none of the Sharks presented a deal he felt confident in taking on behalf of the company. Lets take a look at how Mtailor works and the current net worth of the company.
How Mtailor Started
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How Mtailor Works.
With technology and startups like this, having investments and capital to work with to scale the brand is very key hence why Miles Penn went to Shark Tank to pitch his idea to them for a huge equity investment. During his pitch, he took the judges through the process of ordering a shirt. He actually had his model order a shirt for himself right there and the steps are as follows:
Steps to order an Mtailor Shirt:
- Pick your fabric (lots of fabrics to pick from)
- Pick out your collar style
- Pick your cuff
- Select shirt length (Tucked or Un-tucked style)
- Get into a form fitting clothing (like a plain tshirt)
- Find a wall where you can lean your phone or device against
- The app then tells you which way to lean by showing you a GREEN line which means you can stand infront of the camera
- Then you do a 360 spin so the camera can take a picture
- Then you are done, your measurement will be taken when you click submit and you’ve been able to get a 20% much accurate measurement than a professional tailor in under 30 seconds.
There are so many raving reviews on Mtailor and the fit their shirts have and for the price of just $69 per shirt, its a no-brainer for gentle men in need of perfect fit shirts! https://twitter.com/OUPaulThompson/status/902319314992340993
Mtailor Custom Jeans Video
https://www.youtube.com/watch?v=LeEaTlxcwWM
Mtailor Net Worth and Revenue
Mtailor is currently valued at about $15 Million and estimated annual revenue is $4.4 Million. As a company being led by Miles who is a very hardworking developer and founder, Mtailor is set to gain more grounds and accumulate more success. With competitors like TruMaker, Proper Cloth and Knot Standard, Mtailor needs to continually find new grounds to innovate upon and keep the company at the fore-front of custom made and perfect fit apparels.
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