India’s fastest-growing D2C menswear brand, Snitch, is making headlines yet again but this time with a fresh $39.6 million Series B funding round led by 360 ONE Asset Management. The Snitch $40M Funding Round attracted enthusiastic participation from existing backers like IvyCap Ventures along with prominent angel investors, reaffirming strong investor confidence in the brand’s aggressive growth trajectory.
Snitch plans to utilize the capital to expand its offline retail expansion, aiming to double its store count to 100 by the end of 2025. The brand, already has 50+ physical outlets, is now venturing into quick commerce, focusing on the growing demand for ultra-fast delivery experiences in fashion. Consequently, the Snitch $40M Funding Round will help facilitate its quick commerce initiative.
But the ambitions don’t stop there; international markets are next on the radar, signaling Snitch’s intent to become a global player in the fashion D2C space. This ambition was bolstered by the additional capital raised during the Snitch $40M Funding Round.
Snitch’s financials reflect its rise. In FY24, the brand reported a revenue of INR 241 crore, with profits clocking in at INR 4 crore. This performance, paired with its distinct Gen Z appeal and data-driven product strategy, has positioned Snitch as one of the most disruptive forces in the Indian fashion retail landscape.
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