D2C fashion brand Snitch eyes Rs 600 cr GMV by end of 2024
The company recently raised Rs 110 crore in a series A funding round and plans to use the funds to expand its retail footprint
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.
The company recently raised Rs 110 crore in a series A funding round and plans to use the funds to expand its retail footprint.
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