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

Clothing brand Banana Club has raised Rs 12.25 crore at a valuation of Rs 245 crore.

The proceeds will be utilized for expansion and opening of its flagship store in HSR Layout, Bangalore, Banana Club said in a press release.

Co-founded in 2011 by Neel Bafna, Banana Club is a premium men’s fashion brand that offers high-street western wear, inspired by runway and global street styles, and operates on a direct-to-consumer (D2C) model, including its own stores and e-commerce presence. It aims to make stylish, high-quality men’s fashion accessible and…