SNITCH Secures $40 Million in Series B Funding to Accelerate Growth
D2C fashion brand Snitch has successfully closed its Series B funding round, raising INR 341 crore (approximately $40 million). The funding round was led by 360 ONE Asset, with participation from IvyCap Ventures, SWC Global, Ravi Modi (Vedant Fashions Limited – Manyavar-Mohey), Ashish Wadhwani and Tuck Lye Koh.
The secured funds will be utilised to expand Snitch’s offline retail presence. The brand is aiming to open 100 stores by the end of 2025. Also, enter the quick commerce segment and launch new lifestyle categories. Moreover, the company also plans to enter the international foray while strengthening backend capabilities.
Siddharth DUNGARWAL, Founder and CEO of Snitch, said on the recent secured funds, “This fundraise is a backing to our belief that Indian fashion can move with speed, scale, and confidence, and truly compete at a global stage.”
“This fundraise is a backing to our belief that Indian fashion can move with speed, scale and confidence, and truly compete at a global stage. With 120% YoY growth, 59+ stores with strong unit economics, and strong loyal customer base, we’re stepping into a bigger league, building a world-class brand with India at its heart and agility at its core.” – announced Snitch on LinkedIn.
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