Men’s clothing brand Banana Club has raised INR 12.25 crore in funding, valuing the company at INR 245 crore — a new record on Pitch To Get Rich.
The company said the funds will be used to expand its business and open a flagship store in HSR Layout, Bengaluru.
The new 10,000-square-foot store, spread across four floors, is Banana Club’s 16th outlet and showcases over 8,000 clothing styles.
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.”
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.”
Banana Club was founded in 2011 by Neel Bafna. It is a premium men’s fashion brand that offers high-street western wear inspired by global runway and street styles.
The brand follows a direct-to-consumer (D2C) model through its stores and online platforms, aiming to make stylish and high-quality fashion affordable for people across India.
With its own in-house manufacturing, the brand handles everything from sourcing materials to stitching clothes, ensuring top quality at every step.
Its omnichannel model, which combines online platforms with exclusive brand stores, offers customers a smooth and premium shopping experience across India.
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