Menswear fashion brand Snitch raises up to $40 million in round led by 360 One Asset

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Here’s a structured breakdown of the investment details for Snitch:

Investment Details for Snitch

  • Startup Name: Snitch
  • Founded: 2020
  • Sector: Menswear fashion (Fast fashion segment)
  • Funding Amount: Up to $40 million
  • Funding Round: Latest round (Series unspecified)
  • Date of Funding: Not explicitly mentioned in the provided text, but indicated in the context of a prior funding round in December 2023.

Investors

  • Lead Investor:

    • 360 One Asset (formerly IIFL Wealth & Asset Management)
  • Other Investors:
    • SWC Global (Singapore-based venture capital firm)
    • IvyCap Ventures (early-stage venture capital firm)
    • Ravi Modi Family Office (founders of Manyavar)
    • Other angel investors

Use of Funds

  • Scaling offline retail stores to over 100 by the end of 2025
  • Entering quick commerce
  • Launching new product categories across apparel and lifestyle
  • Piloting international markets

Key Metrics

  • Current Physical Stores: 59 across India
  • Revenue FY24: Rs 243 crore
  • Projected Revenue Goal: Over Rs 900 crore
  • Current Revenue Contribution:
    • Offline retail: 50%
    • Website & app: 35%
    • Marketplaces: Remaining 15%

Founders

  • Founder: Siddharth Dungarwal

This summary encapsulates the important details regarding Snitch’s recent funding round and its strategic growth plans in the menswear fashion sector. If you have any further questions or need additional information, feel free to ask!

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2025-06-02 15:56:00