In an industry dominated by fast fashion and fleeting trends, one D2C menswear brand is redefining what it means to dress with purpose and style. With a commitment to quality craftsmanship, sustainable practices, and a direct-to-consumer model that cuts out the middleman, Snitch is not just selling clothes, but creating a movement for the young adult population in India. By focusing on timeless pieces that combine modern aesthetics with enduring functionality, Snitch is transforming the way men think about their wardrobes.
And investors are sitting up and taking note. In December 2023, Snitch successfully closed a Series A funding round of Rs 110 crore co-led by SWC Global and IvyCap Ventures. The investment, supported by key angel investors, was expected to catalyse Snitch's expansion in talent, technology, and an offline retail strategy, building upon its already impressive market performance.
Siddharth Dungarwal, Founder & CEO of new age D2C brand, Snitch told Editor, IMAGES Business of Fashion, Surabhi Khosla that the funding is ear-marked for 3 key things - talent, technology, as well as expanding the brand's offline presence.
"Largely, this funding has been raised to attract the best talent, build the sort of technology that we think is going to last for the next five to seven years, and then obviously expand offline as well," he explains.
This funding round stands out, especially at a time when many late-stage D2C brands struggle to secure capital and it seems as if the investors have hit the bull's eye, since the brand's target audience is responding in kind, with Snitch experiencing phenomenal growth and launching new stores every fortnight to cater to these discerning customers.
Vision & Mission
So how did Snitch go from being a fledgling young brand to becoming all the rage in the young, menswear segment and a pioneering innovator in the fast fashion domain?
This story is from the June 2024 edition of Business Of Fashion.
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This story is from the June 2024 edition of Business Of Fashion.
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