MTailor Update

Mtailor Founder on Shark Tank

SEASON 7 EPISODE 17

PITCH

men’s custom tailor app for clothes that fit perfectly

ENTREPRENEUR

Miles Penn

ASKED FOR

$2,500,000 for 10%

GOT

NO DEAL

SHARK

NO SHARK

STATUS

IN BUSINESS

MTailor is a custom tailored clothing app for men that makes it easy for you to get perfectly fitted, luxury custom clothing. With just your phone and 30 seconds, you can have your measurements taken without the inconvenience of seeing a tailor and without ever setting foot in a store.

MTailor’s proprietary technology uses machine learning and artificial intelligence algorithms to measure your body using your phone’s camera. Not only is MTailor less expensive than a traditional tailor but according to the company, “Mtailor’s computer vision technology is 20% more accurate”.

With the Mtailor custom clothing app, customers have access to quality custom clothing at a (relatively) affordable price. Custom tailored shirts range in price from $64 to $89 while jeans start at $79 and go up to $119 per pair.

In 2016, MTailor appeared on Shark Tank where founder Penn Miles, was criticized for his arrogance surrounding his $25 million company valuation. Even with a series of previous investments which valued the company at around $10 million, the Sharks felt the valuation was unjustified. They eventually opted not to invest in MTailor and Penn left Shark Tank without a deal.

Penn survived the Shark’s harsh criticism and Mtailor has continued on to become a very successful company. The company has raised a total of $7.2 million in funding including $5.2 million from Khosla ventures in 2018.

Initially released to the App Store, the Mtailor app is currently now available in the Google Play Store as well where it has a 4.11 star rating and nearly 600,000 downloads. Mtailor reviews have been very positive. The app has been described as perfect for those who would rather not go shopping or for those who often have trouble finding proper fitted clothing.

In early 2020, the company launched a new product, MTailor Masks, that are free with every order but can also be purchased separately. The masks which work as a protective cloth covering, are part of Mtailor’s initiative to help prevent the spread of the COVID-19 virus.


Visit the Mtailor website
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