Menswear brand Banana Club raises Rs 12.25 crore at a valuation of Rs 245 crore

Omnichannel menswear brand Banana Club has raised Rs 12.25 crore in funding at a valuation of Rs 245 crore, setting a new benchmark on Pitch To Get Rich.

Founded by Neel Bafna and Prashant Lalwani, Banana Club said it focuses on high-quality, fast fashion for young India. The startup further said its omnichannel approach, combining digital innovation with exclusive brand outlets, ensures a seamless and elevated shopping experience nationwide.

Neel Bafna, Founder of Banana Club, said, “Pitch To Get Rich was a turning point for us, a moment that validated our belief in building an Indian fashion brand with global ambition. The record-breaking funding and our flagship store launch represent not just growth, but a celebration of the trust our customers and investors have placed in Banana Club.”

Prashant Lalwani, founder, Banana Club, said, “Banana Club is a testament to how Indian fashion entrepreneurship is evolving with scale and strategy. The record-breaking funding round and flagship store launch mark the beginning of a strong retail expansion roadmap. With multiple new stores in the pipeline, Banana Club is not just building a brand, it’s building a movement that represents the rise of modern, Made-in-India fashion businesses ready to compete globally.”