Menswear brand Snitch raises Rs 278 crore from 360 One Asset, others

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Here’s a summary of the funding details for Omnichannel menswear fashion brand Snitch:

Company Overview

  • Startup: Snitch
  • Founded: 2018

Recent Fundraise Details

  • Funds Raised: Rs 278 crore
  • Round: Not explicitly mentioned (latest round)
  • Date: Not provided in the text

Investors

  1. Lead Investor:
    • 360 One Asset (formerly IIFL Wealth & Asset Management)
    • Amount invested: Rs 220 crore
  2. Participating Investors:
    • SWC Global (Singapore-based venture capital)
      • Amount invested: Rs 29 crore
    • IvyCap Ventures (early-stage venture capital firm)
      • Amount invested: Rs 29 crore

Securities Issued

  • Type: Compulsorily convertible preference shares
  • Premium per share: Rs 15,89,385
  • Shares issued: 1,755

Previous Fundraise (December 2023)

  • Amount: Rs 110 crore
  • Lead Investors: SWC Global, IvyCap Ventures

Additional Information

  • Revenue FY24: Rs 243 crore
  • Projected Revenue (FY25): Over Rs 600 crore
  • Growth Goals for FY26: 2x revenue growth, 50 more stores in the next 6 months, expansion into new categories (pluswear, bags, footwear, sunglasses).

This summary captures the key details of Snitch’s funding and operations as of the information available.

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2025-05-29 10:23:00