|Industry:||Clothing & Apparel|
|Last Updated:||Sep 2018|
How Mtailor Started
Just like most great inventions, Mtailor started with a simple thought and frustration from the owner. Miles Penn was getting frustrated and tired of having to go to malls anytime he needed a new shirt, as a modern business and busy professional, that time could be used for something more valuable. Also, it’s not like the shirts in the malls were actually perfect fits anyways. So, the idea of visiting malls and shops for a new shirt wasn’t cutting it for him. You might argue that being a tech guy, he could just simply order online but that’s another issue, in order to get a shirt that actually fits you, you might need to order up to 5 different shirts just to find one that is a perfect fit. For someone who likes “perfect fit shirts” which are always custom made, you have to also look at the price, custom shirts ranges from $120 above depending on the brand and this can be quite expensive. All these factors and frustration was what led to the creation and launch of Mtailor. https://www.youtube.com/watch?v=hQwbEYmVqHs
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
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.
We strive for accuracy and fairness. If you see something that doesn’t look right, contact us!
Bruh he went on sharktank asking for $2.5 million for %10 not $10 million
Thanks for pointing that out Jimmy, it was a typo! Many thanks
I hope the sharks regret not taking advantage of this genius in the making Miles obviously has no where to o but UP as he contiues to learn his craft.
Hey James, thanks for reading and commenting.
Trust me, the Sharks will be biting their fingers now because the brand has evolved into something bigger than just “shirts” like Miles pitched them years ago.
Daniel Damilola Nejo
Just like all ivy-leaguers that comenon the show, they too smart for their own good. Most don’t be humble when talking to the Sharks, which all have created multi-billion dollar platforms, with hundreds of milkions in net worth besides Mark (billion dollar net worth). What Dame and Kevin was saying made so mugh more sense. If your a tech geek, why are you trying to be a fashion mogul. Perfect the patent and technology and sell the the technology to all the major brands. A concept could have been worth hundreds of millions because even if I have a Tom… Read more »