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Friday, November 22, 2024

Fashion brand Snitch goes big, unveils largest store yet in Gujarat

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Snitch, a Bengaluru-based men’s fashion and apparel brand, has opened its largest store in Gujarat, as announced by a top company executive in a social media post.

The latest store is located at Neptune Trion in Vadodara, marking Snitch’s fifth establishment.

Siddharth Dungarwal, founder of Snitch, expressed excitement about the brand’s growth, stating, “Another significant milestone for us at Snitch. See you soon Vadodara! This marks our 5th store and 4th within the last 45 days. Big. Bigger. Biggest! Thrilled to announce the opening of our largest store in Gujarat, right in the heart of Vadodara at Neptune Trion.”

Snackfax previously covered the brand’s expansion strategy in Gujarat, where the company revealed intentions to establish between six to eight stores in the state. Additionally, Snitch unveiled its fourth and largest store in Bengaluru in March 2024. With a focus on rapid offline growth, the company has bolstered its top management over the past few months.

Continue Exploring: D2C men’s fashion brand Snitch set to unveil third store in Surat, eyes aggressive expansion in Gujarat

According to a LinkedIn post by the company’s head, Snitch experienced remarkable growth of over 150% in the financial year (FY) 2023-2024 compared to the preceding year. During this period, Snitch shipped over 3.5 million pieces across multiple channels and maintained profitability, achieving a net sales increase of over 2.25 times from the previous year.

Snitch, a direct-to-consumer (D2C) brand founded in 2020, gained recognition after making an appearance on Season 2 of Shark Tank India. Additionally, in December 2023, Snitch secured Rs 110 crore in a Series A fundraising round from Indian venture firm IvyCap Ventures and Singapore-based venture capital firm SWC Global.

Continue Exploring: Fashion brand Snitch achieves over 150% growth in FY23-24, marks highest GMV in March

SnackTeam
SnackTeamhttps://snackfax.com
SnackTeam is a specialised group of editorial staff motivated to improve the lives of individuals and society. The team intends to bring the most authentic, well-researched and dependable content for you and your loved ones every day.
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