Powered by

Advertisment
Home Startup News

Fashion Brand Snitch Expands Offline Presence with 10 New Stores

Men’s D2C fashion brand Snitch is gearing up to strengthen its omnichannel presence with 10 new retail stores set to open in January 2025.

By Jitendra Das
New Update
Fashion Brand Snitch Expands Offline Presence with 10 New Stores

Men’s D2C fashion brand Snitch is gearing up to strengthen its omnichannel presence with 10 new retail stores set to open in January.

In a LinkedIn post, cofounder and CEO Siddharth Dungarwal revealed that Bengaluru will get three new stores, while Delhi, Hubli, Chennai, Guwahati, Pune, Rajahmundry, and Lucknow will each see one. This expansion will bring Snitch’s total store count to 45.

Siddharth shared that Snitch aims to "aggressively expand" its offline presence, with plans to grow its total store count to 100. This year, the brand is set to add over 65 new stores to its network.

Read also - Top Funding Wrap of the Week – 30 Dec – 3 Jan 2025

Siddharth also said that this expansion will boost market reach and firmly establish Snitch as a top fashion destination across India.

About Snitch

Founded in 2019 by Siddharth Dungarwal and Chetan Siyal, Bengaluru-based Snitch began as an offline retail brand. However, it shifted to online sales in 2020 when lockdowns closed stores nationwide. Today, Snitch offers a variety of men’s apparel, including shirts, jackets, hoodies, co-ords, sweaters, and innerwear.

In 2023, Snitch made waves on Shark Tank India, securing an all-shark deal of ₹1.5 crore from Aman Gupta (boAt), Namita Thapar (Emcure Pharmaceuticals), Anupam Mittal (Shaadi.com), Peyush Bansal (Lenskart), and Vineeta Singh (SUGAR Cosmetics).

It competes with popular names like XYXX, DaMENSCH, Chromozome, BlissClub, Freecultr, and Bombay Shirt Company.

The Brand reported a net profit of ₹4.4 crore in FY24, with an operating revenue of ₹243 crore.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Startup Funding and StoriesDiscover Funding Trends and Stories Shaping Indian Startups.

Startup Funding NewsYour Gateway to Every Funding Update.

Latest Startup NewsStay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Startup StoriesDiscover inspiring tales of startups overcoming challenges and achieving success.

Tags: Snitch