The newly raised capital will help the company accelerate its global expansion efforts and prepare for a future public offering
Bengaluru: Direct-to-consumer (D2C) menswear brand Snitch has raised $40 million in a Series B funding round to support its ambitious expansion goals, the company said in a press release on Monday.
The round was spearheaded by Mumbai-based 360 ONE Asset, with continued backing from existing investors IvyCap Ventures and SWC Global, along with Ravi Modi Family Office (founders of Manyavar) and other angel investors, who joined in this round.
The fresh capital will fuel Snitch’s aggressive next phase of growth, which includes scaling its offline retail presence from over 55 to more than 100 stores by the end of 2025.
This fundraise is a backing to our belief that Indian fashion can move with speed, scale and confidence, and truly compete at a global stage,” said Siddharth Dungarwal, Founder of Snitch. “With 120% YoY growth, 55+ stores with strong unit economics, and strong loyal customer base, we’re stepping into a bigger league, building a world-class brand with India at its heart and agility at its core.”
The brand also plans to enter the quick commerce space, offering fashion delivery within hours, and expand into new product categories across apparel and lifestyle. Additionally, Snitch will pilot its entry into international markets as part of its broader global ambitions.
“With a distinctive operating model that blends weekly design launches, full-stack execution, and lean manufacturing, Snitch has demonstrated the rare ability to deliver high growth while maintaining strong unit economics and exceptional capital efficiency. We are excited to back Siddharth and the Snitch team as they lead the next phase of fashion innovation from India,” said Chetan Naik, Senior Fund Manager and Strategy Head – Technology, 360 ONE Asset.
Started in 2020, Snitch’s product portfolio includes men’s clothing, shoes, bags, perfumes, and sunglasses.
The company previously raised Rs 110 crore in its Series A round in December 2023, which laid the foundation for its offline expansion, tech stack, and product depth. Since then, it has doubled revenue, strengthened brand equity, and built a community-first approach to fashion that resonates deeply with Gen Z and millennial men.
