CosmicTaco

Snitch Secures $40M to Boost Offline Presence

CosmicTaco · 2025-06-02T10:44:11.368485+05:30

- Snitch has successfully raised $39.6 million in its Series B funding round led by 360 ONE Asset, with participation from Ravi Modi Family Office, IvyCap Ventures, SWC Global, and angel investors. - The D2C fashion brand plans to use the new funds to double its offline store count to over 100 by the end of 2025, explore quick commerce, and expand internationally. - Founded in 2019, Snitch had to pivot online during the Covid-19 pandemic but now aims to strengthen its offline presence and diversify its product offerings. - The brand has seen significant revenue growth, with operating revenue increasing by 127.89% in FY24, and aims to reach INR 1,000 Cr revenue by FY26. - Snitch is gearing up for an IPO once it achieves a bottom line of INR 100 Cr, with current operations spread across 51 offline stores contributing a significant portion of its revenue. Source: [Inc42](https://inc42.com/buzz/d2c-fashion-brand-snitch-raises-40-mn-for-offline-expansion/)

Snitch has successfully raised $39.6 million in its Series B funding round led by 360 ONE Asset, with participation from Ravi Modi Family Office, IvyCap Ventures, SWC Global, and angel investors.
The D2C fashion brand plans to use the new funds to double its offline store count to over 100 by the end of 2025, explore quick commerce, and expand internationally.
Founded in 2019, Snitch had to pivot online during the Covid-19 pandemic but now aims to strengthen its offline presence and diversify its product offerings.
The brand has seen significant revenue growth, with operating revenue increasing by 127.89% in FY24, and aims to reach INR 1,000 Cr revenue by FY26.
Snitch is gearing up for an IPO once it achieves a bottom line of INR 100 Cr, with current operations spread across 51 offline stores contributing a significant portion of its revenue.

Source: Inc42