PE Fund Investments
Men's fashion brand Snitch to raise Rs.280-Cr in Series B led by 360 One
Bengaluru-based D2C menswear fashion brand Snitch is to raise INR 278.93 crore (USD 33 million) series B funding at a valuation of INR 2,500 Cr. The round was led by 360 One Asset Management Fund and saw participation from existing investors SWC Global and IvyCap Ventures.Of the investment, 360 One will invest INR 220 crore (approx. USD 25.9 million), while existing backers SWC Global and IvyCap Ventures will contribute INR 29.4 crore (approx. USD 3.5 million) respectively.Founded in 2019 by Siddharth Dungarwal, Snitch is a direct-to-consumer (D2C) fashion brand specializing in fast fashion for men. The company offers trendy and affordable apparel through its own website, mobile application, and a network of offline retail stores.
In Dec 2023, Snitch had attracted about USD 13 M from IvyCap Ventures, SWC Global Fund and others.For FY24, Snitch had reported about INR 241 Cr in Operating Income and about INR 4 Cr in PAT.
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