Menswear brand Banana Club raises Rs 12.25 Cr at Rs 245 Cr valuation

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

Banana Club said that the funds will be used for online and offline store expansion.                                                                        

Banana Club has also announced the opening of its flagship store in HSR Layout, Bengaluru. Spanning 10,000 square feet across four floors, the store is the brand’s 16th outlet and features over 8,000 styles.

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Prashanth Lalwani, Founder of 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.”

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.”

About Banana Club

Founded in 2011 by Neel Bafna, Banana Club is a premium men’s fashion brand offering high-street western wear inspired by global runway and street styles. Operating on a D2C model through its stores and online platforms, it aims to make stylish, high-quality fashion affordable across India.

With in-house manufacturing, the brand manages everything from sourcing to stitching to maintain top quality. Its omnichannel model—blending digital platforms with exclusive brand outlets—delivers a seamless and elevated shopping experience nationwide.

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