VC Fund Investments
Menswear brand Snitch raises $40-M in Series B led by 360 ONE Asset
Bengaluru-based Snitch , a direct-to-consumer (D2C) menswear brand, has raised USD 40 million in a Series B funding round led by 360 ONE Asset, with participation from existing investors IvyCap Ventures and SWC Global. New backers included the Ravi Modi Family Office - associated with ethnic wear firm Manyavar - as well as a group of angel investors.Snitch had PwC India Investment Banking team as its exclusive financial advisor and JSA as its legal advisor for this transaction.Founded in 2020, Snitch plans to use the fresh capital to broaden its offline retail presence from more than 55 stores to over 100 by the end of 2025. It also intends to enter the quick commerce space. Additionally, Snitch is eyeing international markets.Snitch previously raised INR 110 crore in its Series A round in December 2023. Since then, it has doubled revenue.
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