Mumbai, Aug. 16 -- Style Union, a fast-fashion value retail chain backed by the Biyani family, is in talks with investors, including Venturi Partners, Elev8 Venture Partners and several high-net-worth individuals, to raise more than Rs.800 crore, according to two people familiar with the matter.

If the deal proceeds as planned, the round is likely to value the company at over Rs.7,000 crore, they added, requesting anonymity.

Style Union, Venturi and Elev8 did not respond to Mint's emails sent on Friday.

Style Union, which is operated by Nexon Omniverse, was launched in 2022 by Rakesh Biyani and Ekta Biyani to make everyday fast-fashion for men, women, and children more affordable. It opened its first stores in Hyderabad and Bengaluru a...