India, June 2 -- Update | June 2, 10:30 AM

D2C fashion brand Snitch has raised $39.6 Mn (about INR 338.4 Cr) in its Series B funding round, led by 360 ONE Asset.

The round also saw participation from Ravi Modi Family Office (founders of Manyavar), existing investors IvyCap Ventures and SWC Global, and a few angel investors, Snitch said in a statement.

Snitch said it would use the capital to increase the number of its offline retail stores to over 100 by the end of 2025 from over 55 currently. A part of the newly raised funds will also be used to enter the quick commerce space, launch new product categories across apparel and lifestyle, and pilot operations in international markets.

Original | May 29, 01:53 PM

D2C fashion brand Snitch...