Snitch Raises $40M Series B to Expand India, Global Retail

Snitch, an Indian direct-to-consumer menswear brand, has raised approximately $40 million in a Series B funding round led by 360 ONE Asset with participation from existing investors IvyCap Ventures, SWC Global, and Ravi Modi Family Office, founders of Manyavar. The capital will support Snitch's aggressive growth plans, including expanding its offline retail footprint from over 55 stores to more than 100 by the end of 2025, entering quick commerce, launching new apparel and lifestyle product categories, and piloting international operations particularly in West Asia. The brand, known for its trend-driven, weekly drop model and lean manufacturing, has reported 120% year-on-year growth and strong unit economics, positioning it as one of India's fastest-growing profitable D2C fashion companies. Snitch's valuation has surged to around ₹2,500 crore (about $300 million), a fivefold increase since its Series A round. Founder Siddharth Dungarwal emphasized the brand's vision to compete globally and prepare for an IPO once profitability targets are met, with offline sales expected to contribute about one-third of projected revenues exceeding ₹600 crore by fiscal 2025. Investors highlight Snitch's unique omnichannel strategy and capital efficiency, backing its potential to become a category-defining fashion brand for Indian men both domestically and internationally.