Having achieved a gross merchandise value (GMV) of Rs 400 crore, direct-to-consumer(D2C) brand Snitch aims to increase this to Rs 600 crore by end of the fiscal year 2024.
Snitch’s Q-o-Q revenues grew by 35 per cent over the last two years. The brand’s quarterly sales and revenues grew by around 40 per cent during this period fuelled by its offline initiative initiatives. The brand generates most of its revenues form the men’s apparel segments which contributes to around to around 80 per cent of its total operating revenue.
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Siddharth Dungarwal, Founder, attributes this remarkable achievement to the unwavering trust of their esteemed clientele and the tireless efforts of their dedicated team. He emphasises on Snitch's commitment to innovation, staying ahead of fashion trends, and delivering superior style at affordable prices.
In a recent milestone, Snitch secured Rs 110 crore in a series A funding round, earmarking these funds for an expansive retail footprint.
With a blend of customer trust, team dedication, and financial backing, Snitch appears poised to continue its upward trajectory in the realm of men's fashion.
