The Souled Store
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Financial Performance
Revenue
$45M+ (₹375Cr+ INR)
Market Cap
$230M
Employees
850
The Souled Store raised a landmark $16 million Series C funding round in March 2023 led by Xponentia Capital, with existing investor Elevation Capital and celebrity investor Sara Ali Khan participating. Founded in 2013 with an initial bootstrap capital of ₹5.25 lakh, The Souled Store achieved profitable unit economics early. Under CEO Vedang Patel and the founding team, The Souled Store crossed $45 million USD (approx. ₹375+ crore INR) in annual consolidated revenue in 2026 with an enterprise valuation exceeding $230 million USD.
Revenue Trend Analysis
YoY Change
+18.4%
6-Year CAGR
+21.5%
Peak Year
2026
Trend
Consistent Growth
The Souled Store has reported revenue across 4 fiscal years, compounding at +21.5% annually over 6 years. The most recent year saw a 18.4% increase versus the prior year. Revenue peaked in 2026 at $45M. Out of 3 reported periods, 3 showed growth and 0 showed a decline.
| Fiscal Year | Revenue | YoY Change |
|---|---|---|
| FY2026 | $45M | +18.4% |
| FY2024 | $38M | +35.7% |
| FY2022 | $28M | +100.0% |
| FY2020 | $14M | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Click any row to see year details.
The Souled Store reported approximately $45M in fiscal year 2026 with a team of 850 employees worldwide.
The Souled Store strategically balances reinvestment into core R&D with operational cost discipline, focusing on workflow automation to expand operating margins in 2026.
Financial performance in D2C Pop-Culture Apparel, Casual Streetwear, Licensed Merchandise (Marvel/Disney/Anime) & Omnichannel Fashion Retail is driven by steady cash generation and pricing power, enabling The Souled Store to reinvest in high-return strategic initiatives.
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "The Souled Store Revenue & Financials." CorpDigest, https://corpdigest.com/company/the-souled-store/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>The Souled Store reported $45M in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/the-souled-store/financials" target="_blank" rel="noopener">CorpDigest — The Souled Store financials</a></div>