FY26 REVENUE ~Rs 900 CR, UP ~80% SERIES B: UP TO $40M LED BY 360 ONE ASSET VALUATION Rs 2,500 CR+ ~35 NEW STYLES SHIPPED PER DAY 100+ STORES ACROSS INDIA ALL FIVE SHARKS SAID YES SNITCH QUICK: 60-MINUTE DELIVERY FY26 REVENUE ~Rs 900 CR, UP ~80% SERIES B: UP TO $40M LED BY 360 ONE ASSET VALUATION Rs 2,500 CR+ ~35 NEW STYLES SHIPPED PER DAY 100+ STORES ACROSS INDIA ALL FIVE SHARKS SAID YES SNITCH QUICK: 60-MINUTE DELIVERY

Company Profile · Consumer / D2C Fashion

The Menswear Brand That Ships a New Wardrobe Every Single Day

Siddharth Dungarwal turned a shut-down B2B clothing business into a menswear machine that launches around 35 designs a day - and got all five sharks to write a cheque.

In early 2020, Siddharth Dungarwal was running a modest business supplying trendy clothes to retailers. Then the pandemic closed the shops he sold to, and the model collapsed. Rather than wind down, he pointed the same instinct - reading what young men wanted to wear before they knew it themselves - straight at the consumer. That pivot became Snitch, and within five years it grew into one of India's fastest-moving menswear brands.

The pitch is deceptively simple. Snitch makes affordable, trend-led clothing for young Indian men and puts it in front of them faster than almost anyone else. Where a traditional label plans a collection months ahead, Snitch launches roughly 35 new styles a day - about a thousand a month - and can move a design from sketch to shelf in around three weeks. For its core shopper, that means the site and app never look the same twice.

The gap hiding in plain sight

Dungarwal's founding observation was blunt: women had endless fashion options, and men had beige. When he pitched on Shark Tank India, that was the whole thesis - a fast-fashion brand built for men who wanted co-ord sets, colour, and silhouettes that actually felt current. It was a market large retailers treated as an afterthought, and Snitch decided to make it the main event.

The bet landed. On Season 2 of Shark Tank India, Snitch became one of the rare pitches to secure a deal from all five sharks, raising Rs 1.5 crore at a valuation of about Rs 100 crore. The cheque mattered less than the exposure - millions of viewers met a menswear brand most had never heard of, and the brand crossed Rs 100 crore in revenue that same year.

"Our goal is to make Snitch a household name in men's fashion."Siddharth Dungarwal, Founder & CEO

A supply chain that behaves like software

The part that separates Snitch from a hundred other clothing labels is what happens behind the drops. The company treats design like a testable, repeatable system. A young in-house team - much of it under 25 - scans global trend boards and social feeds, then pushes dozens of candidate designs into small production runs. It watches how each one performs, scales the roughly top 20% into full production, and quietly retires the rest.

The 21-day loop, roughly

Days 1-3ScanTrend boards and social feeds; 35-50 candidate designs shortlisted.
Days 4-10PrototypeMicro-batches manufactured, shot, and put in front of customers.
Days 11-17ReadEngagement and early sales data collected on every style.
Days 18-21ScaleTop performers go to full production; the rest are retired.
How to lose 80% of your ideas on purpose. Snitch says the loop lets it launch daily and move faster than the fast-fashion incumbents it grew up watching.

Run that loop every day and the numbers get strange in a good way: something on the order of 12,000 styles a year, far above a conventional apparel calendar. It is closer to how a product team ships features - build, measure, keep the winners - than to how a fashion house plans a season. The company likes to say it moves roughly three times faster than Zara, the brand that wrote the fast-fashion playbook in the first place.

~35New styles / day
~21Days sketch to shelf
~12kStyles / year

The discipline underneath is inventory. A brand that guesses wrong on a season can drown in unsold stock; a brand that tests in micro-batches before committing capital rarely does. By letting a small run tell it what to scale, Snitch keeps its bets small and its turnover high, which is what makes constant newness affordable rather than ruinous. The daily review of engagement and sales is not a marketing flourish - it is the mechanism that decides where the money goes.

Sold on a phone, finished in a store

Snitch is app-first in a way most fashion brands only claim to be. Its app has passed four million downloads and drives around 70% of revenue - the storefront, the loyalty engine, and the place where daily drops actually land. The brand reports more than two million orders and a following of over 600,000 on Instagram, the channel where its youth-first marketing does most of its work.

Then, in a move that reads as contrarian for a direct-to-consumer darling, Snitch went the other way and opened stores. It has grown to more than 100 physical locations across India, including a 10,000 sq ft flagship in Bengaluru, and the offline business has been expanding faster than online in percentage terms. When the company raised its Series B, the money was earmarked less for online growth and more for that store rollout - a bet that Gen Z still wants to touch the fabric before it buys.

"Women have endless options in fashion. Men and boys struggle to find stylish, colourful clothes."Siddharth Dungarwal, on why he started Snitch

Growing fast, and making money

The financials have kept pace with the marketing. Snitch roughly doubled revenue two years running - from about Rs 243 crore in FY24 to around Rs 520 crore in FY25, and then to about Rs 900 crore in FY26, a jump of roughly 80%. More notably for a fast-growing consumer brand, it says it reached profitability rather than burning to grow.

Operating revenue, by financial year (Rs crore, approx.)

100
FY23
243
FY24
520
FY25
900
FY26
The line that keeps bending upward. Figures are approximate, drawn from public reporting; FY26 revenue is reported at about Rs 900 crore.

Investors have followed the curve. A Rs 110 crore Series A in December 2023, led by IvyCap Ventures and SWC Global, was followed in 2025 by a Series B of up to $40 million led by 360 ONE Asset, with the Ravi Modi Family Office - the family behind ethnic-wear giant Manyavar - joining in. That round valued Snitch above Rs 2,500 crore and pushed total funding past the $50 million mark.

The company is largely self-funded on the operating side now, but the capital it did raise has bought it something specific: the ability to run two growth engines at once. The app scales cheaply and compounds through repeat purchase; the stores are heavier to build but bring the shopper into contact with the product and the brand. Managing both without letting either starve is the operational test the next few years will set.

What you can actually do with it

For a shopper, the appeal is practical. Snitch is where a young man can assemble a full, current wardrobe - shirts, co-ord sets, oversized tees, trousers, jeans, footwear and accessories - at prices built for frequent buying rather than occasional splurges, with silhouettes cut for Indian body types. Because the catalogue refreshes constantly, the brand rewards browsing: the reason to keep opening the app is that there is always something that was not there yesterday.

The company keeps compressing time on the delivery side too. In October 2025 it launched Snitch Quick, a service promising apparel at your door within 60 minutes, starting in Bengaluru, Delhi, Gurugram and Ahmedabad. Fast fashion had already collapsed the design cycle to weeks; Snitch is now trying to collapse the delivery cycle to an hour.

Where it sits in the market

Snitch occupies an interesting middle. Above it sit global fast-fashion names like Zara, H&M and Uniqlo, with deeper supply chains and broader ranges. Around it crowd Indian challengers - DaMENSCH, The Souled Store, Bewakoof, Rare Rabbit - and value plays like Zudio, all chasing the same young shopper, plus the many labels fighting for attention on Myntra and Ajio. Snitch's edge is the combination: menswear focus, weekly-drop velocity, an app that does the heavy lifting, and a store network that most online-native rivals do not have.

None of this required a pedigree. Dungarwal is a commerce graduate who did not attend an IIM, and the brand's marketing was built alongside founding member and chief marketing officer Chetan Siyal, who joined during the pandemic pivot. What Snitch got right was less about credentials and more about reading a customer that bigger companies had decided was not worth designing for.

The company culture reflects the product. A design bench weighted toward people in their early twenties is not a diversity statistic - it is a sourcing decision, because the team is close in age and taste to the shopper it is dressing. The technology stack is unglamorous and effective: a Shopify-based storefront, a heavily used app, cloud infrastructure, and analytics that turn daily behaviour into the next drop. Expertise here is not a single patented thing; it is the speed of the whole loop and the willingness to kill work that is not landing.

The open questions are the ones that come with scale. International expansion into the Middle East has been paced carefully around geopolitics, and running 100-plus stores is a very different discipline from running a website. But the core engine - test fast, keep the winners, ship daily - has taken Snitch from a folded B2B venture to a profitable brand at nine figures of revenue in about five years. For now, the wardrobe keeps refreshing.