About The Souled Store
The Souled Store is a company based in Mumbai (India) founded in 2013 by Harsh Vardhan Lal, Aditya Sharma, Rohin Samtaney, and Vedang Patel.. The Souled Store has raised $29.73 million across 7 funding rounds from investors including Angel List, Alteria Capital and Xponentia Capital. The company has 493 employees as of April 05, 2024. The Souled Store has completed 1 acquisition, including Redwolf. The Souled Store operates in a competitive market with competitors including Hopscotch, Bewakoof, Styched, Max Fashion and Be Young, among others.
- Headquarter Mumbai, India
- Employees 493 as on 05 Apr, 2024
- Founders Harsh Vardhan Lal, Aditya Sharma, Rohin Samtaney, Vedang Patel
- Stage Minicorn
-
Sectors
Retail
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name The Souled Store Private Limited
- Date of Incorporation 25 Feb, 2014
- Jurisdiction Mumbai, Maharashtra, India
-
Annual Revenue
$28.41 M (USD)61.71as on Mar 31, 2023
-
Net Profit
$-1.99 M (USD)38.09as on Mar 31, 2023
-
EBITDA
$-1.29 M (USD)55.17as on Mar 31, 2023
-
Total Equity Funding
$29.73 M (USD)
in 7 rounds
-
Latest Funding Round
-
Investors
Angel List
& 61 more
-
Employee Count
493
as on Apr 05, 2024
- Investments & Acquisitions
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of The Souled Store
The Souled Store has successfully raised a total of $29.73M across 7 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Last Round
-
First Round
First Round
(26 Nov 2018)
- Investors Count 62
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series C - The Souled Store | Valuation |
investors |
|
| May, 2024 | Amount | Series C - The Souled Store | Valuation | Tanmay Arun Bhat |
|
| Mar, 2023 | Amount | Series C - The Souled Store | Valuation | Xponentia Capital , Dhvanil Sheth |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in The Souled Store
The Souled Store has secured backing from 62 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, Alteria Capital and Xponentia Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Investment services providing capital and expertise to Indian mid-market companies.
|
Founded Year | Domain | Location | |
|
Elevation Capital is focused on early-stage tech investments in India.
|
Founded Year | Domain | Location | |
|
Potato farming, grain marketing, and equipment services in Maine.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by The Souled Store
The Souled Store has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Redwolf. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Multi-category merchandise products are offered via an online platform.
|
2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - The Souled Store
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
The Souled Store Comparisons
Competitors of The Souled Store
The Souled Store operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hopscotch, Bewakoof, Styched, Max Fashion and Be Young, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Apparel and accessories for children are provided online.
|
|
| domain | founded_year | HQ Location |
Multi-category fashion products are sold by an internet-first brand.
|
|
| domain | founded_year | HQ Location |
Multi-category fashion for men and women is offered online.
|
|
| domain | founded_year | HQ Location |
Internet first brand of clothing, footwear, and accessories for women, men, and kids
|
|
| domain | founded_year | HQ Location |
Everyday fashion apparel, accessories, and combo options are retailed.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on The Souled Store
Frequently Asked Questions about The Souled Store
When was The Souled Store founded?
The Souled Store was founded in 2013 and raised its 1st funding round 5 years after it was founded.
Where is The Souled Store located?
The Souled Store is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is The Souled Store a funded company?
The Souled Store is a funded company, having raised a total of $29.73M across 7 funding rounds to date. The company's 1st funding round was a Series C of $16.42M, raised on Nov 26, 2018.
How many employees does The Souled Store have?
As of Apr 05, 2024, the latest employee count at The Souled Store is 493.
What is the annual revenue of The Souled Store?
Annual revenue of The Souled Store is $28.41M as on Mar 31, 2023.
What does The Souled Store do?
The Souled Store was founded in 2013 in Mumbai, India, as an e-commerce platform in the apparel sector. Pop-culture themed clothing and accessories are offered, drawing from movies, games, comics, and nostalgic icons. Items such as tops, loungewear, outerwear, and casual bottoms with graphic motifs are available to fans. Operations focus on online sales across India.
Who are the top competitors of The Souled Store?
How many acquisitions has The Souled Store made?
The Souled Store has made 1 acquisition, including Redwolf.
Who are The Souled Store's investors?
The Souled Store has 62 investors. Key investors include Angel List, Alteria Capital, Xponentia Capital, RPSG Capital Ventures, and Elevation Capital.
What is The Souled Store's valuation?
The valuation of The Souled Store is $98.64M as of Mar 2023.