Founder of men’s fashion brand Snitch is aiming to take the company public in three years and achieve a turnover of ₹1,000 crore by FY26, according to a post on LinkedIn.
“From a small idea fuelled by passion to becoming India’s fastest-growing men’s fashion brand, the journey has been nothing short of incredible for all of us at Snitch,” wrote founder Siddharth Dungarwal in a post.
In FY24, the company recorded revenue over ₹230 crore and expects to nearly triple this in the current fiscal year at ₹600 crore. Last year it claimed a market share of 2.4 per cent in men’s e-commerce fashion space in India.
Snitch was launched 2020 as a direct-to-consumer brand and has positioned itself as an unconventional fast fashion brand.
“What started as a dream to redefine men’s fashion has now grown into a movement, powered by an amazing team, relentless innovation, and the unwavering support of our customers,” said Dungarwal.
Offline expansion strategy
He said the company is focused on data-driven decisions and with an aggressive offline expansion strategy is ready to take “Snitch to the next level.”
Around June the company had around 12 stores. The founder said they are planning to open 40 more stores in the current fiscal and have more than 300 stores by 2028.