IPO
The Souled Store plans up to Rs 2,000 crore IPO
By Startup Enthusiast ·
- Date
- Company
- The Souled Store
- What it does
- IPO plans
- Kind
- IPO
- Amount
- up to Rs 2,000 crore
- Stage
- IPO
- Based in
- Mumbai
- Founded
- 2013
What they do
The Souled Store said it aims to raise up to Rs 2,000 crore through a stock market listing within about 18 months
What happened
Its finance team had started talking to bankers, co-founder Vedang Patel said
Why it matters
The money would fund growth abroad and more stores in India, along with a wider range of products
The details
- Target: up to Rs 2,000 crore via IPO.
- Timeline: about 18 months.
- Bankers being scouted.
- Uses: overseas expansion and stores.
- More product lines planned.
The bigger picture
- It follows its first profitable year.
- D2C brands were lining up to list.
- Funding stores abroad needs large capital.
About the business
- The Souled Store makes and sells pop-culture clothing and merchandise under licences such as Marvel, Naruto and One Piece.
- Most sales come through its own website and app, with a growing chain of stores across India.
- It holds over 200 licences and also sells casual wear, footwear and accessories.
Founders
- Vedang Patel, Co-founder and CEO
- Rohin Samtaney, Co-founder
- Harsh Lal, Co-founder
- Aditya Sharma, Co-founder
More on The Souled Store
- The Souled Store eyes deal at triple valuation29 September 2026 · Stake sale · ₹400–500 Cr
- The Souled Store turns profitable, eyes expansion18 April 2026 · Milestone
- Actor Sara Ali Khan invests in The Souled Store3 April 2026 · Funding
- The Souled Store nears ₹500 crore in revenue29 December 2025 · Results
- The Souled Store buys rival brand Redwolf29 April 2025 · Acquisition
- The Souled Store turns profitable as FY24 revenue jumps 55%20 February 2025 · Results · Rs 360 crore revenue
- The Souled Store plans Middle East entry in 202513 January 2025 · Launch
- Hardik Pandya invests in The Souled Store26 October 2024 · Funding