New Delhi: D2C men’s fashion brand, Snitch has achieved gross merchandise value (GMV) of Rs 400 crore and is aiming to touch the milestone of Rs 600 crore GMV by the end of the fiscal year 2024, it announced in a press release on Wednesday.
The brand claims that it has maintained an average 30-35 per cent quarter-on-quarter (QoQ) revenue growth in the last two years. Further, with offline expansion, Snitch has seen a 35-40 per cent quarterly increase in sales and revenue.
About 80 per cent of the brand’s total operating revenue comes from the men’s apparel category.
“This achievement reflects the trust and support of our valued customers, as well as the dedication and hard work of our entire team. With our relentless pursuit of innovation and ability to stay ahead of the fashion curve, we remain committed to pushing boundaries, setting new trends, and providing our customers with the best affordable style.” said Siddharth Dungarwal, founder, Snitch.
The company recently raised Rs 110 crore in a series A funding round and plans to use the funds to expand its retail footprint.
