Bengaluru-based D2C menswear brand Snitch has raised $40 million in its Series B funding round, led by 360 ONE Asset. The funding will be used to expand the brand’s offline footprint to over 100 stores, strengthen its entry into the broader e-commerce space, and pilot international market operations.
The round also saw participation from existing investors IvyCap Ventures and SWC Global, as well as the Ravi Modi Family Office—founders of ethnic wear brand Manyavar—and other angel investors.
Founded in 2020 by Siddharth Dungarwal, Snitch offers trend-driven collections for men through a fast-fashion model. The brand has adopted an omni-channel approach, combining digital-first agility with physical store experiences.
Commenting on the latest fundraise, Siddharth Dungarwal, Founder and CEO of 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 per cent y-o-y 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.”
Snitch had earlier secured ₹110 crore in its Series A round in December 2023, which helped the brand build its offline retail strategy, enhance its tech infrastructure, and deepen its product offerings.
Chetan Naik, Senior Fund Manager and Strategy Head – Technology at 360 ONE Asset, added:
“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.”
The funding positions Snitch for accelerated growth as it looks to build a globally recognized Indian fashion label with profitability and scale at its core.
