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The Souled Store

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The Souled Store bring to you awesome t-shirts, framed prints, badges, notebooks, coasters

Mumbai, IndiaFounded 2013Fashion
Valuation $50–100M Last recorded · 2023
Headcount 1–2k Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for The Souled Store and the history behind them.

About The Souled Store

The Souled Store is a direct-to-consumer (D2C) brand that designs, manufactures, and retails apparel and merchandise centered around pop-culture themes. The company's product line includes a wide range of items such as t-shirts, hoodies, and other apparel, all featuring designs inspired by popular movies, TV shows, and superheroes.

The company's business model is focused on a direct relationship with its customers, primarily through its e-commerce platform. This allows for greater control over the customer experience and brand messaging. The target market for The Souled Store is predominantly young, digitally-savvy individuals between the ages of 16 and 35, who are passionate about expressing their fandoms. The company reaches this demographic through a strong social media presence and by collaborating with influencers and celebrities.

By curating content that aligns with the interests of Gen Z and millennials, The Souled Store has built a significant online presence and brand recognition. The company's revenue is generated through the online sale of its merchandise. The brand has achieved an annual recurring revenue of INR 400 Cr in gross merchandise value (GMV) for the fiscal year 2024 and is aiming for a 15% EBITDA margin, with a goal to exceed INR 1,000 Cr in GMV in the coming years.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2013
Headquarters
Mumbai, India
Employees
955
Open positions
35
Dealroom signal
92.8/100
Industry
Fashion
Sub-industry
Accessories
Sector
Fashion, Shoes, Wearable, Hard Tech
Technology
Hardware, Connected Device
Business model
Manufacturing
Client focus
b2c
Investment activity
1 company, latest Apr 2025
Capital deployed
—
Preferred round
ACQUISITION

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ANGEL✓Equity / VC Oct 2024 — — Hardik Pandya ↗
SERIES C✓Equity / VC Mar 2023 $16M $66M Elevation Capital · Xponentia Capital Partners · RPSG Capital ↗
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Growth signals

The Souled Store website traffic

Latest recorded traffic for The Souled Store is 8.3M monthly website visits, up 9.2% over the last three months. The Souled Store's team grew 19.7% over the past year.

Latest monthly visits8.3M 3-month web change+9.2% 1-year team growth+19.7%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

12 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • Hardik Pandya

Series A10 investors entered at this stage

  • RPSG Capital
  • Elevation Capital
  • Sahil Barua
  • Rohit Kapoor
  • Gunjan Soni
  • Ramakant Sharma
  • Revant Bhate
  • Mukund Kulashekaran
  • Ashish Goel
  • Varun Duggirala

Series B and later1 investor entered at this stage

  • Xponentia Capital Partners
Team profiled 21 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 6 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
7 countries with
team presence
🇮🇳 India97.2%
🇦🇺 Australia0.3%
🇦🇪 United Arab Emirates0.3%
🇺🇸 United States0.2%
🇵🇰 Pakistan0.2%
Top 5 of 7 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about The Souled Store on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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