Banana Club plans to increase its store network to 50 outlets by the end of the year. The fashion brand currently operates 20 stores across five cities, including Bengaluru, Hyderabad, Mumbai and Indore.
The company has expanded its retail presence with the opening of its 20th store in Tirupati as part of its broader offline growth presence. The Tirupati outlet is intended to strengthen its presence in the South Indian market and support its ongoing retail expansion plans.
The Bengaluru based fashion brand founded in 2023 by Neel Bafna and Prashanth Lalwan stated that the expansion is aimed at increasing its presence across key urban markets and addressing demand in the menswear category.
Furthermore in 2025, Banana Club raised Rs. 12.25 crore (US $1.28 million) at a valuation of Rs 245 crore (US $25.68 million) through the television show Pitch to Get Rich on Jio Hotstar.
The company noted that it is currently operating at an annualised revenue run-rate (ARR) of Rs 150 crore (US $15.72 million) with a target of Rs 300 crore (US $31.45 million) in ARR by 2027.
Bharat Tex Special Report 2026 
