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The Souled Store

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Namestring
The Souled Store
Company typeenum
Private
Founded yearint
2013
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersMumbai, India
HQ citystring
Mumbai
HQ countrystring
India
HQ regionstring
Asia
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
pop culture apparel, licensed merchandise, fandom fashion, D2C clothing brand, anime merchandise
Industry2 codes
1Pop Culture, Licensed & Fandom Gifts Retail
CodeCRALAJAKPrimaryYes
2General Apparel Retail (Specialty & Mass)
CodeCRAAABAAPrimaryNo
NAICS code1 code
  • Clothing, Clothing Accessories, Shoe, and Jewelry Retailers458
SIC code2 codes
  • Retail-Family Clothing Stores5651
  • Retail-Apparel & Accessory Stores5600
Product category
Pop Culture Apparel & Licensed Merchandise
GTM motion4 records

Each record includes

Type, Description, Source

Revenue model2 records
1Product Sales (Apparel & Merchandise)
TypeOne Time License
Description

Direct-to-consumer sales of apparel, accessories, and pop culture merchandise through owned e-commerce platform and physical retail stores. Revenue generated through one-time product transactions with customers.

inc42.com
2Licensed Merchandise
TypeOne Time License
Description

Sales of licensed merchandise featuring pop culture IPs including anime, movies, and sports franchises. Acquired Red Wolf brand to expand pop culture merchandise portfolio.

inc42.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Marketing or Sales, Personnel, Operations, Infrastructure, Technology or R&D
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

The Souled Store designs, sources, and sells licensed pop culture merchandise and apparel — including T-shirts, hoodies, accessories, kids wear, and footwear — featuring collaborations with anime IPs, entertainment franchises, sports teams, and pop culture brands. It operates as an omnichannel retailer through its own e-commerce storefront (thesouledstore.com), marketplace listings (Myntra), and an expanding physical retail footprint in India. In April 2025, it acquired the Redwolf pop culture merchandise brand to broaden its portfolio.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • 37% revenue growth in FY25 to INR 492.4 Cr
+2 more records
Product overview1 text field

The Souled Store is a fandom-led D2C lifestyle and apparel brand founded in 2013, operating as a single unified omnichannel retail platform. The core product is licensed pop culture merchandise — primarily T-shirts, apparel, and accessories featuring entertainment franchises, anime IPs, and sports brands — sold through the company's direct-to-consumer website, physical retail stores across India, and marketplace partnerships (e.g., Myntra). In 2025, the company expanded its brand portfolio by acquiring Redwolf, another pop culture merchandise brand. The company also produces streetwear trend content (e.g., its blog on 2025 men's streetwear trends). The Souled Store has no disclosed API offering or formal SaaS/productized technology module — its primary commercial model is retail merchandise sales.

Product and service1 record
1The Souled Store Core Apparel & Merchandise
CategoryLicensed Pop Culture Apparel
Description

Fandom-led licensed apparel and accessories (T-shirts, hoodies, tops, kids wear, footwear, collectibles) featuring collaborations with anime IPs, Bollywood, sports teams, and pop culture franchises, sold D2C through thesouledstore.com, Myntra marketplace, and physical retail stores across India.

Scale indicator6 records

Each record includes

Type, Value, Description, Source

Partnership3 partners
Strategic tierMinorTypeGTM or Marketing PartnerAnnounced on2026-05-16
Description

Merchandise collaboration with India's first AI-powered spiritual rock band for pop culture merchandise.

Strategic tierStrategicTypeTechnology or IntegrationAnnounced on2026-04-18
Description

Logistics partnership to enhance delivery efficiency and operational performance across omnichannel operations.

Strategic tierStrategicTypeStrategic or Co-development PartnerAnnounced on2025-04-30
Description

Acquired apparel brand Red Wolf to expand presence in the pop culture merchandise sector.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight7 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Mumbai-headquartered D2C youth fashion brand selling pop-culture-inspired apparel and accessories targeted at Indian Gen Z. Closest direct competitor to The Souled Store with overlapping product, customer base, and channel mix.

TypeDirect peer
Description

Indian D2C streetwear brand focused on bold, pop-culture-themed apparel for young consumers. Comparable target market, design-led positioning, and online-to-offline go-to-market motion.

TypeDirect peer
Description

India-based D2C casual and men's apparel brand selling through own website, marketplaces, and offline stores. Comparable omnichannel playbook, scaling trajectory, and mass-market Gen Z positioning.

TypeDirect peer
Description

Indian D2C men's fashion brand with strong omnichannel expansion and marketplace presence. Comparable rapid-scaling D2C apparel model targeting young Indian male consumers.

TypeDirect peer
Description

Celebrity-backed (Virat Kohli) Indian D2C menswear brand. Comparable premium-affordable positioning, omnichannel distribution, and youth-focused marketing playbook.

TypeBroad incumbent
Description

Largest Indian fashion marketplace and a distribution partner of The Souled Store. Provides platform-level reach but also competes by hosting multiple competing D2C apparel brands.

TypeBroad incumbent
Description

Reliance-owned fashion marketplace serving similar Gen Z and value-conscious consumers. Competes for the same online fashion demand and marketplace visibility in India.

TypeRegional player
Description

US-based pop culture and licensed merchandise specialty retailer (now under BoxLunch parent). Comparable fandom-led model but primarily serves North American consumers — useful as a category blueprint rather than direct competitor.

TypeRegional player
Description

US pop culture and licensed merchandise retailer under the Hot Topic umbrella. Comparable fandom-led assortment and licensed-IP merchandising model, operating primarily in North America.

10H&M
TypeBroad incumbent
Description

Global fast-fashion incumbent with growing India retail footprint and broad Gen Z appeal. Sets the price/quality benchmark and competes for the same youth apparel wallet in metros and Tier I cities.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds5 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors4 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

The Souled Store

Pop Culture Apparel & Licensed Merchandisethesouledstore.com

The Souled Store firmographics

Firmographics
Name
The Souled Store
Website
https://thesouledstore.com
Company type
Private
Founded year
2013
Operating status
Operating
Headcount range
501–1,000 employees
Ownership category
akta.pro rank

The Souled Store industry classification

Industry
Product category
Pop Culture Apparel & Licensed Merchandise
NAICS
Clothing, Clothing Accessories, Shoe, and Jewelry Retailers (458)
SIC
Retail-Family Clothing Stores (5651), Retail-Apparel & Accessory Stores (5600)
akta.pro primary industry
Pop Culture, Licensed & Fandom Gifts Retail (CRALAJAK)
akta.pro secondary industry
General Apparel Retail (Specialty & Mass) (CRAAABAA)

Keywords

  • Pop culture apparel
  • Licensed merchandise
  • Fandom fashion
  • D2C clothing brand
  • Anime merchandise

Where The Souled Store is headquartered

Location

Headquarters

HQ city
Mumbai
HQ country
India
HQ region
Asia

Offices1 record

Markets served

The Souled Store business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Supply Chain, Marketing or Sales, Personnel, Operations, Infrastructure, Technology or R&D

Revenue model

  1. Product Sales (Apparel & Merchandise): Direct-to-consumer sales of apparel, accessories, and pop culture merchandise through owned e-commerce platform and physical retail stores. Revenue generated through one-time product transactions with customers.
  2. Licensed Merchandise: Sales of licensed merchandise featuring pop culture IPs including anime, movies, and sports franchises. Acquired Red Wolf brand to expand pop culture merchandise portfolio.

Go-to-market motion4 records

Distribution channels3 records

Marketing channels4 records

The Souled Store product offering

Product offering

Core offering

The Souled Store designs, sources, and sells licensed pop culture merchandise and apparel — including T-shirts, hoodies, accessories, kids wear, and footwear — featuring collaborations with anime IPs, entertainment franchises, sports teams, and pop culture brands. It operates as an omnichannel retailer through its own e-commerce storefront (thesouledstore.com), marketplace listings (Myntra), and an expanding physical retail footprint in India. In April 2025, it acquired the Redwolf pop culture merchandise brand to broaden its portfolio.

Product overview

The Souled Store is a fandom-led D2C lifestyle and apparel brand founded in 2013, operating as a single unified omnichannel retail platform. The core product is licensed pop culture merchandise — primarily T-shirts, apparel, and accessories featuring entertainment franchises, anime IPs, and sports brands — sold through the company's direct-to-consumer website, physical retail stores across India, and marketplace partnerships (e.g., Myntra). In 2025, the company expanded its brand portfolio by acquiring Redwolf, another pop culture merchandise brand. The company also produces streetwear trend content (e.g., its blog on 2025 men's streetwear trends). The Souled Store has no disclosed API offering or formal SaaS/productized technology module — its primary commercial model is retail merchandise sales.

Differentiator

Problem solved

Functional benefit

Products and services

  • The Souled Store Core Apparel & Merchandise Fandom-led licensed apparel and accessories (T-shirts, hoodies, tops, kids wear, footwear, collectibles) featuring collaborations with anime IPs, Bollywood, sports teams, and pop culture franchises, sold D2C through thesouledstore.com, Myntra marketplace, and physical retail stores across India.

Quantifiable outcome

  • 37% revenue growth in FY25 to INR 492.4 Cr
  • +2 more outcomes

Companies that use The Souled Store

Customer profile

Named customers1 record

Segments2 records

Ideal customer profiles2 records

The Souled Store technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

The Souled Store partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered minor and strategic.

  • Trilok (AI Band)minorGTM or Marketing Partner · 16 May 2026Merchandise collaboration with India's first AI-powered spiritual rock band for pop culture merchandise.
  • ShadowfaxstrategicTechnology or Integration · 18 April 2026Logistics partnership to enhance delivery efficiency and operational performance across omnichannel operations.
  • Red WolfstrategicStrategic or Co-development Partner · 30 April 2025Acquired apparel brand Red Wolf to expand presence in the pop culture merchandise sector.

Scale indicators6 records

Recent moves6 records

Expansion highlights7 records

The Souled Store competitors and assessment

Company assessment

Direct peers

  • Bewakoof: Mumbai-headquartered D2C youth fashion brand selling pop-culture-inspired apparel and accessories targeted at Indian Gen Z. Closest direct competitor to The Souled Store with overlapping product, customer base, and channel mix.
  • Bonkers Corner: Indian D2C streetwear brand focused on bold, pop-culture-themed apparel for young consumers. Comparable target market, design-led positioning, and online-to-offline go-to-market motion.
  • The Indian Garage Co: India-based D2C casual and men's apparel brand selling through own website, marketplaces, and offline stores. Comparable omnichannel playbook, scaling trajectory, and mass-market Gen Z positioning.
  • Snitch: Indian D2C men's fashion brand with strong omnichannel expansion and marketplace presence. Comparable rapid-scaling D2C apparel model targeting young Indian male consumers.
  • WROGN: Celebrity-backed (Virat Kohli) Indian D2C menswear brand. Comparable premium-affordable positioning, omnichannel distribution, and youth-focused marketing playbook.

Broad incumbents

  • Myntra: Largest Indian fashion marketplace and a distribution partner of The Souled Store. Provides platform-level reach but also competes by hosting multiple competing D2C apparel brands.
  • Ajio: Reliance-owned fashion marketplace serving similar Gen Z and value-conscious consumers. Competes for the same online fashion demand and marketplace visibility in India.
  • H&M: Global fast-fashion incumbent with growing India retail footprint and broad Gen Z appeal. Sets the price/quality benchmark and competes for the same youth apparel wallet in metros and Tier I cities.

Regional players

  • Hot Topic: US-based pop culture and licensed merchandise specialty retailer (now under BoxLunch parent). Comparable fandom-led model but primarily serves North American consumers — useful as a category blueprint rather than direct competitor.
  • BoxLunch: US pop culture and licensed merchandise retailer under the Hot Topic umbrella. Comparable fandom-led assortment and licensed-IP merchandising model, operating primarily in North America.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

The Souled Store social profiles

Digital presence

The Souled Store financial estimates

Financial estimate

Revenue estimate

Valuation estimate

The Souled Store leadership team

Management profile

Number of profiles

Profiles4 records

The Souled Store subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

The Souled Store funding detail

Funding detail

Funding overview

Funding rounds5 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

The Souled Store M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Souled Store

What does The Souled Store do?

The Souled Store designs, sources, and sells licensed pop culture merchandise and apparel — including T-shirts, hoodies, accessories, kids wear, and footwear — featuring collaborations with anime IPs, entertainment franchises, sports teams, and pop culture brands. It operates as an omnichannel retailer through its own e-commerce storefront (thesouledstore.com), marketplace listings (Myntra), and an expanding physical retail footprint in India. In April 2025, it acquired the Redwolf pop culture merchandise brand to broaden its portfolio.

Is The Souled Store a public or private company?

The Souled Store is a private company. It is classified as venture growth investor backed and is currently operating.

When was The Souled Store founded?

The Souled Store was founded in 2013. It employs 501 to 1,000 people.

Where is The Souled Store based?

The Souled Store is headquartered in Mumbai, India, in the Asia region.

How does The Souled Store make money?

Two revenue lines are on record. Product Sales (Apparel & Merchandise) is the primary driver. The others are licensed Merchandise.

Who are The Souled Store's main competitors?

Direct peers on record are Bewakoof, Bonkers Corner, The Indian Garage Co, Snitch and WROGN. Broad incumbents are Myntra, Ajio and H&M. Regional players are Hot Topic and BoxLunch.

Does The Souled Store have an API?

No public API is recorded for The Souled Store.

What industry is The Souled Store in?

The Souled Store's product category is Pop Culture Apparel & Licensed Merchandise. Its primary akta.pro industry code is CRALAJAK, Pop Culture, Licensed & Fandom Gifts Retail, with a secondary code of CRAAABAA, General Apparel Retail (Specialty & Mass). Its NAICS code is 458 and its SIC code is 5651.

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Live signals
The Times of IndiaThe Souled Store: The Souled Store valuation may jump over 3x to Rs 5,000 crore in new secondary deal: sources - The Economic TimesThe Souled Store is in discussions to raise Rs 400-500 crore in a secondary share sale led by 360 One Asset Management. The deal would value the Mumbai-based D2C apparel brand at Rs 4,000-5,000 crore, more than three times its last valuation of Rs 1,500 crore.The Times of IndiaPiyush Goyal to headline ET Startup Awards; The Souled Store eyes fundraisePiyush Goyal will headline the 11th ET Startup Awards in Bengaluru on October 9. The Souled Store is seeking Rs 400-500 crore, Kiwi wants $30-40 million, and SiMa.ai raised $150 million. Ola Electric approved a Rs 1,000 crore rights issue.Business TodayMinimalist, Plum से The Souled Store तक! कैसे भारतीय न्यू एज ब्रांड Gen Z और सोशल मीडिया के सहारे बन रहे हैं ग्लोबल?Indian new-age brands such as Minimalist, Lenskart, Myntra, and The Souled Store are leveraging social media and Gen Z demographics to expand their presence in global markets. These companies are adopting a phased strategy that prioritizes online demand validation through digital channels before committing to significant physical infrastructure investments abroad. This shift marks a transition from viewing India merely as a manufacturing base to establishing indigenous Indian brands as competitive global entities.Bollywood HungamaLoved the style of Sudha aka Vedika Pinto from Musafir Cafe? Here’s how to recreate her effortlessly chic looksThe article provides a fashion guide on recreating the wardrobe of the character Sudha, played by Vedika Pinto in the series Musafir Cafe. It details seven specific outfits worn by the character and suggests corresponding products from retail brands such as LIVA, H&M, Levi's, Vero Moda, Zara, and The Souled Store. The piece highlights how these accessible fashion choices reflect the character's youthful and versatile style.EntrackrElevation-backed The Souled Store turns profitable in FY24The Souled Store, a direct-to-consumer pop culture brand, turned profitable in FY24 with a 54.5% year-on-year revenue increase to Rs 360 crore from Rs 233 crore in FY23. The Mumbai-based company posted a net profit of Rs 18 crore in FY24 compared to a loss of Rs 16.5 crore in FY23, with ROCE and EBITDA margins improving to 6.38% and 5.21% respectively. The company, which operates 18 stores across India and has raised nearly $30 million in total funding from investors including Elevation and Xponentia Capital, competes with brands like Rare Rabbit, Bewakoof, and Virat Kohli-backed WROGN.LinkedInThe Souled StoreThe Souled Store has undertaken multiple social and community initiatives, including supporting differently abled children at Sense India, transforming a school in Maharashtra, adopting a new school in Delhi, and engaging with animal welfare through a visit to World For All. The company also expanded its physical presence with a new store in Hyderabad and is actively working on enhancing its digital user experience, alongside celebrating its company milestone of 13 years.EntrackrThe Souled Store nears Rs 500 Cr revenue in FY25; profits decline 38%The Souled Store, a direct-to-consumer pop culture brand, reported 37% growth in operating revenue to Rs 492 crore in FY25, up from Rs 360 crore in FY24. However, rising costs—including 40.8% higher procurement expenses and increased employee and marketing spends—pushed total expenditure up 36% to Rs 487 crore, causing profit to decline 37.6% to Rs 11 crore. The company has raised nearly $30 million in funding to date, with Elevation Capital remaining its largest external stakeholder.www.passionateinmarketing.comSense India Hosts Spider-Man-Themed Inclusive Event for ChildrenSense International India hosted a Spider-Man-themed inclusive event at its Thane Centre on July 17, 2026, in collaboration with social impact content creator Siddhesh Lokare (Sidiously) and The Souled Store, bringing together 62 attendees including 25 children with deafblindness and multiple disabilities. The event featured live cosplay interaction, a Spider-Man movie screening, and distribution of official merchandise, aiming to create engaging experiences while demonstrating how collaborative partnerships can support inclusive participation. The initiative also included The Souled Store extending support towards the medical and nutritional needs of children at the centre.The TribuneInside the spiritual rock project: Trilok, India’s first AI-powered bandTrilok, India’s first AI-powered spiritual rock project, was launched in early 2025 by Collective Media Network (a division of Collective Artists Network) and has evolved from an AI concept to a live band featuring members Arjun Varma, Aditya Rao, Karan Tripathi, and Viraj Rajan, with their latest collaboration being bestselling author Amish Tripathi as lead vocalist on a rendition of 'Shiv Tandav' released April 30. The project has expanded through merchandise collaboration with The Souled Store and studio sessions featuring artists like Sadhana Sargam and Anup Jalota. The band performs wearing signature masks to keep focus on the music and mythology rather than individual identities.Inc42The Souled Store: The Making Of A ₹700 Cr D2C Lifestyle Brand On Fandom FashionThe Souled Store, a D2C fashion brand founded in 2013, has built a fandom-led business model through licensed collaborations with entertainment franchises, reporting FY25 operating revenue of ₹492.4 Cr and profits of ₹11 Cr, with projections to reach nearly ₹700 Cr in FY26. The company has partnered with logistics provider Shadowfax to enable same-day delivery capabilities and reduce return-to-origin rates by 2%, supporting its expansion into Tier II and III cities beyond metro markets. The brand has also expanded its omnichannel presence with over 70 physical stores and was recently invited to showcase at Paris Fashion Week, signaling global growth ambitions.