Snitch raises $40 Mn in Series B round; to enter quick commerce

Snitch, a menswear fashion brand, has successfully raised up to $40 million in a Series B funding round. The investment was led by 360 One Asset, with participation from existing investors including SWC Global and IvyCap Ventures. The funds will be strategically utilized to fuel the brand's expansion, specifically by scaling its offline retail stores to over 100 outlets by the end of 2025. Additionally, Snitch plans to venture into quick commerce, launch new product categories in apparel and lifestyle, and pilot its presence in international markets. This significant capital infusion signals strong investor confidence in Snitch's growth trajectory and omnichannel strategy.