Snitch Raises $40M Series B to Take Indian Fast Fashion Global

India’s fastest-growing D2C menswear brand, Snitch, just made a bold statement. The Bengaluru-based brand has raised up to $40 million in its Series B round, led by 360 ONE Asset, with participation from IvyCap Ventures, SWC Global, the Ravi Modi Family Office, and other angel investors.

This latest funding reflects robust investor faith in Snitch's fast, trend-driven fashion model and its obvious vision for scale. Established in 2020 by Siddharth Dungarwal, Snitch has gained a loyal clientele through weekly design drops and the synthesis of online speed with offline experiences.

With more than 120 percent year-over-year growth and 55 stores already operating on solid unit economics, Snitch is now getting ready to scale to more than 100 stores by the end of 2025. The brand is also looking to move into the quick commerce arena, introduce new lifestyle categories, and start piloting international markets.

Siddharth Dungarwal mentioned that Snitch is founded on trust, velocity, and extreme customer obsession. The brand's vision is to build a world-class fashion house based on Indian excellence and global aspiration. This new round of funding is a milestone as Snitch gears up to go public in the near future.

Investors lauded Snitch's capital agility, lean manufacturing, and unique style of men's fashion. Omnichannel strategy and emphasis on Gen Z and millennials align the company well for category dominance in India and elsewhere.

Snitch had also raised ₹110 crore in December 2023 in its Series A round, and also gained exposure on Shark Tank India Season 2.

Snitch is not only following trends but also making them, and doing so with intention and accuracy.