Style Union in talks for ₹500 Cr round
By Abha Lohia ·
- Style Union is a Mumbai-based fashion retail chain selling clothing for men, women and children through its own stores
- It is said to be close to raising ₹400-500 crore from Singapore-based Venturi Partners, at a valuation near ₹7,500-8,000 crore
- The company reportedly runs at about ₹1,900 crore annualised sales with ₹275 crore operating profit, and competes with Zudio and Westside
What happened
- Style Union is in advanced talks to raise ₹400-500 crore.
- The money would come from Venturi Partners, a Singapore venture firm.
- The post-money valuation discussed is ₹7,500-8,000 crore.
- Funds would go towards wider offerings for more customers.
Why it matters
- The valuation is only about 4x revenue, modest for a profitable retailer.
- It shows investors backing profitable offline-led fashion.
The business
- Style Union sells fashion for men, women and kids.
- It is based in Mumbai.
- Annualised sales run-rate is about ₹1,900 crore.
- Operating profit (EBITDA, earnings before interest, tax, depreciation and amortisation) is about ₹275 crore.
- Rivals include Zudio, Trends, Yousta and Westside.
The founders
EB
Ekta Biyani
Leader- Runs the company; her husband Rakesh Biyani is mentor and adviser
Who put in money
- Venturi Partners Lead (in talks) — Singapore-based venture capital firm
In numbers
₹1,900 CrAnnualised revenue run rate · 2026
₹275 CrEBITDA · 2026
What happens next
- Deal terms are still being negotiated.
Up against
ZudioTrendsYoustaWestside
Terms in this story
- Valuation: A startup's valuation is the price investors agree the whole company is worth. For young companies it is set by negotiation and comparison, not by a formula.
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