Style Union to raise Rs 800 crore, value over Rs 7,000 crore

Style Union, the fast-fashion value retail chain backed by Rakesh Biyani and Ekta Biyani, is in talks with investors including Venturi Partners and Elev8 Venture Partners to raise more than Rs 800 crore, according to people familiar with the matter. The round could value the company at over Rs 7,000 crore.

Launched in 2022 and operated by Nexon Omniverse, Style Union opened its first stores in Hyderabad and Bengaluru and has expanded to over 170 outlets. It competes with brands such as Zudio, Max Fashion, Reliance Trends and V-Mart Retail in the fast-fashion space.

The company posted a revenue of Rs 588 crore in FY25, narrowing its loss to Rs 24 crore. India's value retail market is growing as organized retail expands, with the apparel market estimated at Rs 3.5 trillion.