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.

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Founded by Neel Bafna, 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.

It has also announced the opening of its flagship store in HSR Layout, Bengaluru. Spread across 10,000 square feet and four floors, the store marks Banana Club’s 16th outlet and showcases more than 8,000 styles.

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.”

Prashanth Lalwani, Founder of Pitch To Get Rich, 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.”