In a bold move that signals its growing ambitions, men’s fashion label Snitch has secured $40 million in Series B funding, setting the stage for a dramatic expansion both within India and beyond.
The investment round was led by 360 ONE Asset, a Mumbai-based wealth and investment management firm. Joining them were existing backers IvyCap Ventures and SWC Global, along with the Ravi Modi Family Office—known for founding ethnic wear giant Manyavar—and a few seasoned angel investors.
At the heart of Snitch’s growth blueprint is a rapid retail rollout. The Bengaluru-based brand, which currently operates 55+ outlets, aims to nearly double that footprint to over 100 stores by the end of 2025. This comes on the back of strong unit economics and a loyal consumer base that’s been fueling the brand’s 120% year-on-year growth.
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“This isn’t just capital—it’s conviction,” said Siddharth Dungarwal, Snitch’s founder. “It reaffirms our belief that Indian fashion doesn’t have to follow—it can lead. We’re building a high-velocity, homegrown brand that’s sharp, global, and unapologetically Indian.”
Beyond retail, Snitch is gearing up to enter quick commerce, with plans to deliver fashion to doorsteps within hours, aiming to match the urgency of modern shopping behavior. The brand also has its sights set on international markets and new lifestyle categories, extending its reach far beyond shirts and chinos.
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Chetan Naik, Senior Fund Manager and Strategy Head – Technology at 360 ONE Asset, praised Snitch’s nimble structure: “They’ve cracked a rare code—blending rapid product launches with end-to-end control and smart manufacturing. The result is a brand that’s growing fast without burning through cash. That’s not easy to pull off.”
Founded in 2020, Snitch has quickly evolved from a pandemic-born D2C startup to a street-smart fashion disruptor. Its catalog now spans apparel, shoes, bags, perfumes, and sunglasses, designed to speak the language of Gen Z and millennial men.
Back in December 2023, Snitch raised ₹110 crore in Series A, using it to beef up tech infrastructure, expand product lines, and plant the seeds for its offline journey. That round paved the way for today’s momentum—and now, with a fresh $40 million in hand, the brand is moving fast, thinking global, and keeping its roots firmly in Indian soil.
