Snitch, India’s fastest-growing D2C menswear brand, raises upto USD 40Mn in Series B led by 360 ONE Asset to fuel offline scale-up, quick commerce, and global ambitions.
Snitch, the breakout D2C menswear brand transforming fashion for Indian men, has raised upto 40Mn in its Series B funding round. The round was led by 360 ONE Asset, with participation 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.
Highlights
- Snitch raises $40M in Series B funding led by 360 ONE Asset to expand offline stores and enter global markets.
- Scale offline retail from 55+ to 100+ stores by the end of 2025
- Enter quick commerce, delivering fashion in hours
- Launch new product categories across apparel and lifestyle with Z-focused strategy
- Pilot international markets
Siddharth Dungarwal, Founder & CEO, Snitch, said, “Built on belief, speed and an obsession with our customer, Snitch has been a force redefining fashion making in India for the world. 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. With 120 percent 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. As we gear up for global expansion and soon enter the public markets, this marks a bold step towards creating one of India’s most iconic fashion stories. ”
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Chetan Naik, Senior Fund Manager and Strategy Head - Technology, 360 ONE Asset, said, “Snitch is one of the fastest-growing profitable scaled D2C brands in India. It has built a unique playbook in Indian fashion, combining trend agility, digital-first execution, and omnichannel reach. 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. Its sharp focus on men’s fashion, backed by a scalable offline model, positions it well to become a category-defining brand. We are excited to back Siddharth and the Snitch team as they lead the next phase of fashion innovation from India.”
Vikram Gupta, Founder and Managing Partner, IvyCap Ventures says, “Our reinvestment in Snitch further confirms our conviction in its strong execution ability, capital-efficient growth, and sharp positioning in the men’s fashion space. With a clear focus on Gen Z and millennial consumers and a scalable omnichannel strategy, the brand is well on its way to becoming a category leader. We a re happy to continue supporting the team in their journey.”
Tuck Lye Koh, Founding Partner, SWC Global says, “Snitch continues to demonstrate strong supply chain management as well as high focus on customer experience. Over the last 18 months, with the offline expansion, Snitch has established itself into a truly omnichannel brand. We are looking forward to our continued partnership with Siddharth and team to grow Snitch into a leading men’s apparel brand in the country.”
Snitch 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.
Founded in 2020, Snitch has become a cult favourite in India’s D2C fashion space by offering trend-first, drop-driven collections at unmatched speed. Its omni-channel model combines online agility with in-store experiences, making it a front-runner in the “fastest fashion” revolution.
PwC India Investment Banking team acted as the exclusive financial advisor to Snitch on the successful closure of Series B round. JSA acted as the legal counsel to Snitch on this transaction.
