Snitch raises $40 Mn in Series B round; to enter quick commerce

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Here is the information summarized from the provided text:

Snitch Funding Details

  • Startup: Snitch
  • Founders: Siddharth Dungarwal
  • Funding Rounds:
    • Series B:
    • Amount Raised: Up to $40 million
    • Date: [Specific date not mentioned; funding reported recently]
    • Lead Investor: 360 ONE Asset
    • Other Investors: IvyCap Ventures, SWC Global, Ravi Modi Family Office, and various angel investors
    • Series A:
    • Amount Raised: $13 million
    • Date: December 2023
  • Total Funding: $53 million (Series A + Series B)

Notes

  • Snitch’s Series B funds will be used to expand retail stores from 55 to over 100 by end of 2025, enter quick commerce, and explore international markets.
  • Snitch has featured in Shark Tank India, raising ₹1.5 crore against 1.5% equity at a ₹100 crore valuation.

This information outlines Snitch’s key funding milestones and contributors.

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2025-06-02 05:43:24