Shark Tank India-Backed Snitch Raises $40 Million to Stitch Global Dreams & Fast Fashion Push, Led by 360 ONE Asset

Snitch, India’s fastest-growing D2C menswear brand, raises up to $40 million in Series B led by 360 ONE Asset to fuel offline scale-up, quick commerce, and global ambitions.

StartupTalky News

02 Jun 2025 — 4 min read

Snitch Secured Up to $40 Million in Its Series B Funding Round

Snitch, the breakout D2C menswear brand transforming fashion for Indian men, has raised up to $40 million in its Series B funding round. The round was led by 360 ONE Asset, with participation from existing investors IvyCap Ventures and SWC Global, along with Ravi Modi Family Office (founders of Manyavar) and other angel investors, who joined in this round.

The fresh capital will fuel Snitch’s aggressive next phase of growth:

Scale offline retail from 55+ to 100+ stores by the end of 2025
Enter quick commerce, delivering fashion in hours
Launch new product categories across apparel and lifestyle
Pilot international markets

Siddharth Dungarwal, Founder & CEO, Snitch, said, “Built on belief, speed and an obsession with our customer, Snitch has been a force redefining fashion making in India for the world. This fundraise is a backing to our belief that Indian fashion can move with speed, scale and confidence, and truly compete at a global stage. With 120% YoY growth, 55+ stores with strong unit economics, and strong loyal customer base, we’re stepping into a bigger league, building a world-class brand with India at its heart and agility at its core. As we gear up for global expansion and soon enter the public markets, this marks a bold step towards creating one of India’s most iconic fashion stories.”

Chetan Naik, Senior Fund Manager and Strategy Head - Technology, 360 ONE Asset, said, “Snitch is one of the fastest-growing profitable scaled D2C brands in India. It has built a unique playbook in Indian fashion, combining trend agility, digital-first execution, and omnichannel reach. With a distinctive operating model that blends weekly design launches, full-stack execution, and lean manufacturing, Snitch has demonstrated the rare ability to deliver high growth while maintaining strong unit economics and exceptional capital efficiency. Its sharp focus on men’s fashion, backed by a scalable offline model, positions it well to become a category-defining brand. We are excited to back Siddharth and the Snitch team as they lead the next phase of fashion innovation from India.”

“Our reinvestment in Snitch further confirms our conviction in its strong execution ability, capital-efficient growth, and sharp positioning in the men’s fashion space. With a clear focus on Gen Z and millennial consumers and a scalable omnichannel strategy, the brand is well on its way to becoming a category leader. We are happy to continue supporting the team in their journey.”

Vikram Gupta, Founder and Managing Partner, IvyCap Ventures

“Snitch continues to demonstrate strong supply chain management as well as high focus on customer experience. Over the last 18 months, with the offline expansion, Snitch has established itself as a truly omnichannel brand. We are looking forward to our continued partnership with Siddharth and team to grow Snitch into a leading men’s apparel brand in the country.”

Tuck Lye Koh, Founding Partner, SWC Global

Snitch previously raised ₹110 Cr in its Series A round in December 2023, which laid the foundation for its offline expansion, tech stack, and product depth. Since then, it has doubled revenue, strengthened brand equity, and built a community-first approach to fashion that resonates deeply with Gen Z and millennial men.

Founded in 2020, Snitch has become a cult favourite in India’s D2C fashion space by offering trend-first, drop-driven collections at unmatched speed. Its omni-channel model combines online agility with in-store experiences, making it a front-runner in the “fastest fashion” revolution.

PwC India Investment Banking team acted as the exclusive financial advisor to Snitch on the successful closure of the Series B round. JSA acted as the legal counsel to Snitch on this transaction.

About 360 ONE Asset

360 ONE Asset is one of India’s leading asset management firms with overall alternates and public markets AUM of almost $10 billion*. 360 ONE Asset’s leading Venture Capital and Private Equity platform has an AUM of more than $3 billion. The firm has a proven track record and

deep expertise in the financial services, technology, healthcare and consumer industries. This end-to-end platform offers a unique vantage point into private companies in India and enables the company to make well-informed investment decisions. 360 ONE Asset’s broader differentiated product suite includes AIFs, PMS and MFs spanning asset classes of public and private equity, fixed income and real assets.

About Snitch

Founded in 2020 by Siddharth Dungarwal, Snitch is India’s fastest-growing D2C menswear brand known for its rapid drop-driven collections. It uniquely combines weekly new designs with an omnichannel model that blends online speed and offline retail experience, making it a trendsetter in fast fashion for Gen Z and millennials.

Snitch appeared in the second season of Shark Tank India and raised INR 1.5 crore by selling 1.5% equity. The investors included Anupam Mittal, Aman Gupta, Namita Thapar, Vineeta Singh, Peyush Bansal, and Amit Jain, valuing the company at INR 100 crore.