Snitch secured $40 million in Series B funding

• Snitch secured $40 million in Series B funding led by 360 ONE Asset to fuel its local and global expansion.
• The company plans to double its physical stores and enter key Middle East and South Asian markets.

• Snitch is launching new product lines and exploring quick commerce to meet growing consumer demand.

Indian menswear brand Snitch has raised $40 million in a Series B funding round, aiming to expand both within India and internationally, with a strategic focus on the Middle East and South Asia.
The round was led by 360 ONE Asset, with participation from existing investors IvyCap Ventures and SWC Global, along with new backers including Ravi Modi Family Office and several angel investors.

Of the total, $32.75 million came as primary capital, while $7.2 million was generated through secondary transactions, allowing partial exits for some early investors.

Snitch plans to scale its retail footprint from 55 to over 100 stores by the end of 2025, focusing on India’s top 20 cities and entering new markets across MENA and South Asia.
The company is also set to launch new product categories, including plus-size menswear, eyewear, bags, and shoes, while exploring quick commerce solutions to meet rising consumer demand.

Founded in 2020 by Siddharth Dungarwal, Snitch began as a traditional retail business before shifting to a direct-to-consumer model during the COVID-19 pandemic.