Shark Tank India-featured SNITCH hits Rs 2,500 crore valuation after raising Rs 340 crore

| Posted on |

Here’s a summary of the details you requested:

Startup: Snitch

  • Founded: 2020
  • Founder: Siddharth Dungarwal

Funding Details

  1. Funding Round: Series B

    • Amount Raised: $40 million (Rs 340 crore)
    • Date: Not specified (latest Series A in December 2023)
    • Valuation: Over Rs 2,500 crore
  2. Previous Funding Round: Series A
    • Amount Raised: $13 million
    • Date: December 2023

Investors

  • Lead Investor: 360 One Asset
  • Participating Investors:
    • IvyCap Ventures
    • SWC Global
    • Ravi Modi Family Office
    • Group of angel investors

Key Points

  • The funds will be used to expand store count from 55 to 100 by the end of 2025 and explore quick commerce and international markets.
  • Snitch is known for its fast-fashion model, targeting Gen Z and millennial men.
  • Notable mentions include participation on Shark Tank India, where they raised Rs 1.5 crore from investors on the show.

Feel free to ask if you need more detailed information!

Source link

2025-06-02 07:27:38