28 October 2025, Mumbai
A premium men's fashion brand, Banana Club has successfully raised Rs 12.25 crore (approximately $\$1.47$ million) at a valuation of Rs 245 crore (approximately $29.4 million).
The funds will be strategically used for expansion, including the opening of the brand's new flagship store in HSR Layout, Bengaluru.
Co-founded in 2011 by Neel Bafna, the Bengaluru-based brand operates on a Direct-to-Consumer (D2C) model, selling through its own stores and e-commerce platform. Banana Club focuses on high-street western wear for men, drawing inspiration from global street styles and fashion runways.
The brand's mission is to make stylish, high-quality men's fashion accessible and affordable across India by leveraging its in-house manufacturing capabilities and expertise in trend forecasting. Banana Club emphasizes quality by overseeing every step of the process, from sourcing materials to final stitching. Its omnichannel approach, which combines digital innovation with exclusive retail outlets, is designed to provide a seamless and elevated shopping experience nationwide.
The new flagship store at HSR Layout is a major milestone, marking the brand’s 16th store. It spans 10,000 sq ft across four floors and currently showcases over 8,000 styles.
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