Menswear brand Snitch raises US$40 million to expand in Asia and the Middle East

Featured image of the article Menswear brand Snitch raises US$40 million to expand in Asia and the Middle East

An article by Morgane Monteiro

Publication

5 June 2025 à 18h16

Updated on 23 July 2025 à 18h40

Reading time

2 minutes

Publication: 5 June 2025 à 18h16, Updated on 23 July 2025 à 18h40

Reading time: 2 minutes

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An article by Morgane Monteiro

Publication

5 June 2025 à 18h16

Updated on 23 July 2025 à 18h40

Reading time

2 minutes

Publication: 5 June 2025 à 18h16, Updated on 23 July 2025 à 18h40

Reading time: 2 minutes

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In India, men’s label Snitch (2024 sales: US$29.4 million, up 128% in a year, net margin ratio of 1.8% via 60 stores) raised US$40 million in Series B funding on May 27 (investors: 360 ONE Asset, SWC Global, IvyCap Ventures, Ravi Modi Family Office, and Manyavar, among others). Since inception, the retailer founded by Siddharth Dungarwal raised US$53.5 million.

To remember: With these funds, Snitch plans to open 40 stores in India by December 2025. The firm wants to enlarge the product...

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Article authors
Featured image of the article Morgane Monteiro
Morgane Monteiro Journalist
Featured image of the article Morgane Monteiro

Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.

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