Snitch to raise Rs 280 Cr in Series B round at Rs 2,500 Cr valuation

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Startup Details

  • Startup Name: Snitch
  • Founded: 2019
  • Founder: Siddharth Dungarwal
  • Industry: D2C Menswear Fashion

Funding Details

  1. Current Fundraise:

    • Amount: Rs 278.93 crore (~$33 million)
    • Series: Series B
    • Date: October 2023
    • Lead Investor: 360 One Asset Management Fund
    • Other Investors: SWC Global, IvyCap Ventures
    • Investment Breakdown:
      • 360 One: Rs 220 crore (~$25.9 million)
      • SWC Global: Rs 29.4 crore (~$3.5 million)
      • IvyCap Ventures: Rs 29.4 crore (~$3.5 million)
  2. Previous Fundraise:
    • Amount: $13 million
    • Series: Series A
    • Date: December 2023

Valuation

  • Post-Fundraise Valuation: Rs 2,400–2,500 crore (~$294 million)
  • Previous Valuation: Rs 500 crore

Additional Information

  • Shareholder Stakes:

    • IvyCap Ventures: 10.39%
    • SWC Global: 10.17%
    • 360 One: 9.67%
  • Physical Stores: 58 stores across major Indian cities with plans to expand to over 100 by 2028.
  • Revenue Forecast: Targeting Rs 1,000 crore in revenue by FY26.

This overview captures the essential funding and structural details related to Snitch as outlined in the text.

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2025-05-29 05:57:48