Particle.news
Download on the App Store
3 ARTICLES
·
last mo.

Snitch Raises $39.6 Million to Fuel Offline Growth and Enter Quick Commerce

The investment will fuel product diversification in preparation for an IPO once profitability targets are met.

Image

Overview

  • Snitch closed its $39.6 million Series B round led by 360 ONE Asset, with IvyCap Ventures, SWC Global, Ravi Modi Family Office and several angel backers taking part.
  • The company plans to nearly double its physical footprint from just over 55 stores to more than 100 by the end of 2025.
  • A portion of the funding will back new apparel and lifestyle lines along with a pilot roll-out of quick-commerce delivery and trials in overseas markets.
  • The brand’s operating revenue surged 127.9% to INR 243 Crore in FY24 and reached INR 520 Crore in FY25, with offline outlets accounting for 40–45% of sales.
  • Management is targeting an INR 1,000 Crore top line by FY26 and intends to prepare the company for an IPO once it achieves a bottom line of INR 100 Crore.