One of India’s leading D2C men’s fashion brand, Snitch, has just reached Rs 400 crore in gross merchandise value (GMV). This excellent result and aggressive growth ambitions bode well for the brand.
Reviewing Snitch’s Growth
The news release on Wednesday emphasized Snitch’s astounding two-year development. With an average QoQ revenue increase of 30-35%, the brand constantly attracts and engages clients.
Snitch’s offline retail development has boosted sales and revenue by 35-40% quarterly. The brand’s dedication to multi-channel purchasing for varied client preferences is shown by this strategic decision.
Solid Base: Business and Customer Focus
Snitch is expanding, but its core business is robust. The brand generates 80% of its operational revenue from men’s apparel, demonstrating its proficiency in this market.
Siddharth Dungarwal, Snitch’s founder, credits the brand’s success to its loyal customers and dedicated workforce. Taking “pushing boundaries, setting new trends, and providing our customers with the best affordable style,” Snitch looks to succeed with its customer-centric attitude, innovation, and fashion forwardness.
Driving Growth: Strategic Investments and Expansion
Snitch raised Rs 110 crore in series A funding to accelerate growth. This strategic investment will boost the brand’s online and offline retail presence. Brand visibility, accessibility, and consumer base may expand with this expansion.
The Way Forward: Snitch’s Bright Future
Snitch is poised for success with steady growth, a loyal customer base, and innovation. The company’s aim of Rs 600 crore in GMV by the end of the fiscal year shows its growth ambitions and vision. Snitch can dominate Indian men’s fashion by leveraging its strategic investments, growing its reach, and remaining customer-centric.
