BlissClub, an activewear brand for women, has reached the advanced stages of raising Rs 200-250 crore in funding from Singularity's private equity arm, Indian Startup News (ISN) has gathered from sources.

The round values the company at around Rs 750 crore.

Its existing investors like Elevation Capital, Eight Roads Ventures and others are also set to invest in the company.

ISN had broken the news of BlissClub being in talks to raise a new funding round large as $25 million. The large round comes just as the brand crosses a massive Rs 250 crore revenue threshold in annualised revenue run rate (ARR).

ISN had then reported: 'Over the past weeks, founder and CEO Minu has been meeting with potential investors in Bangalore and the others - associated with the company - are tapping VCs to close a fresh round,' a source told ISN on the condition of anonymity.

BlissClub and Singularity chose not to reply to ISN's queries.

The Rs 250 crore annualised revenue is a huge benchmark given BlissClub's scale last year. The brand closed FY25 with a revenue of Rs 135 crore and incurred a loss of Rs 20 crore, a big improvement from Rs 92 crore revenue and Rs 44 crore losses in FY24.

This will mark BlissClub's largest funding till date since 2022. The brand has so far raised over $20 million and sits Elevation Capital, Eight Roads Ventures and others on its cap table as per our analysis.