In a landmark moment for India’s fashion-tech ecosystem, homegrown menswear brand SNITCH has raised $40 million in its Series B funding round, securing the confidence of marquee investor Chetan Naik of 360 ONE Asset. The round also saw continued support from existing investors IvyCap Ventures and SWC Global, as well as participation from industry stalwarts including Ashish Wadhwani, Tuck Lye Koh, and Ravi Modi of Vedant Fashions (Manyavar-Mohey), alongside a select group of prominent angel investors.
This fresh infusion of capital marks a turning point for the digital-first fashion label, underlining its mission to redefine Indian fashion through speed, scale, and sharp market responsiveness. With a robust 120% year-on-year growth, an expanding physical presence of over 55 stores backed by strong unit economics, and a rapidly growing base of loyal customers, SNITCH is positioning itself as a formidable force – not just in India, but increasingly on the global stage.
India-Focused, Globally Ambitious
Founded with a vision to create a new-age fashion brand rooted in Indian culture but built for global relevance, SNITCH has consistently proven that agility and innovation can go hand-in-hand with style and substance. The brand’s ability to capture trends at lightning speed and deliver high-quality, affordable fashion has struck a chord with the country’s digitally native, style-conscious consumers.
With plans to enter new international markets and a long-term eye on going public, this Series B round is more than just capital – it is a strategic bet on SNITCH becoming one of India’s next iconic fashion exports.
A Collective Triumph
The successful closure of the funding round also reflects the hard work and commitment of SNITCH’s team. In a statement, the company’s leadership expressed deep gratitude to their internal teams and external partners alike – notably Rohit Garg and Aashish Vanigota, described as “rockstars” in SNITCH’s journey, and the teams at PwC India and JSA for their instrumental roles in facilitating the deal.
“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,” said the founder, noting the moment as one of pride for the entire SNITCH family. The collaboration with 360 ONE Asset, he added, represents not just financial support but a shared vision of what Indian fashion can achieve.
As SNITCH prepares for its next chapter – from global expansion to public listing – the brand is doubling down on execution. The sentiment is clear: celebration is brief, focus is back, and the real work begins now.
