When it comes to innovation and entrepreneurial spirit, few companies have captured the public imagination quite like Snitch. Featured on the popular TV show Shark Tank India, this trailblazing brand has quickly become a household name in the fashion industry. Founded in 2020, Snitch has achieved remarkable success and now makes sales of 2,000 products every day. Now, Snitch is taking its next giant leap by announcing its Initial Public Offering (IPO), offering a chance for investors to own a piece of its success.
The Journey of Snitch
Founded by Siddharth Dungarwal, Snitch began with a vision to revolutionize men’s fashion by offering trendy and affordable clothing for modern men. The brand’s dedication to quality, style, and affordability set it apart in the crowded fashion market. Its innovative designs and bold marketing strategies caught the attention of the Shark Tank India judges, leading to an unforgettable pitch on the show.
During the pitch, the Snitch team asked for Rs. 1.5 crore for 0.50% equity, with a valuation of Rs. 300 crore, showcasing their impressive sales figures and ambitious plans for scalability. The Sharks were particularly impressed by the brand’s unit economics, including a gross margin of 48% and a strong customer retention rate. Ultimately, Snitch secured a deal with all 5 sharks Aman Gupta, Piyush Bansal, Vinita Singh, Namita Thapar, and Anupam Mittal, receiving an investment of RS. 1.5 Crores for 1.5% equity. This partnership brought financial backing and strategic mentorship from one of the most prominent names in Indian entrepreneurship.
Post-Shark Tank Growth
Since its appearance on Shark Tank, Snitch has experienced explosive growth. The company has:
- Expanded its product range to include sustainable fabrics and limited-edition collections.
- Increased its online presence, with a user-friendly e-commerce platform and active social media engagement.
- Achieved significant year-over-year revenue growth, cementing its position as a leader in the Indian fashion industry.
- Partnered with top influencers and celebrities, further boosting its brand visibility.
Founder’s Vision and IPO Announcement
In a recent LinkedIn post, Snitch’s founder Siddharth Dungarwal shared their excitement about the IPO, “Taking Snitch public has been a dream since day one. This IPO represents not just a milestone for our company but a validation of the hard work, innovation, and resilience of our entire team. As we look toward 2026 and beyond, we aim to redefine the global fashion landscape.”
The post also highlighted the founder’s gratitude to the Shark Tank platform and the invaluable mentorship they received, which played a pivotal role in shaping Snitch’s growth trajectory.
Why Snitch is Going Public
The decision to go public is a strategic move aimed at fueling Snitch’s ambitious growth plans. The IPO proceeds will be used to:
- Expand Production: Scale up manufacturing to meet rising demand.
- Enhance Technology: Invest in AI-driven personalization for a superior customer experience.
- Global Expansion: Enter international markets, bringing Indian fashion to the world stage.
- Sustainability Initiatives: Develop eco-friendly product lines and reduce the company’s carbon footprint.
Current Unit Economics 2025
Snitch’s unit economics remain a key driver of its success. Snitch’s FY24 Revenue zoomed 2.3X To INR 243 Cr. saw its net profit zoomed 1.3X to INR 4.4 Cr in the financial year 2023-24. The company boasts:
- Gross Margin: 48%
- Customer Acquisition Cost (CAC): 15% of annual revenue (According to reports)
- Retention Rate: Around 50%
- Monthly Revenue Run Rate: Rs. 20 Crore
These strong fundamentals underline Snitch’s ability to deliver consistent growth while maintaining profitability.
IPO Details
The Snitch IPO is set to open in the coming months, and here’s what potential investors need to know:
- Issue Size: Not Disclosed Yet
- Price Band: [Details to be announced]
- Listing: The shares will be listed on major Indian stock exchanges, including NSE and BSE.
- Investor Benefits: Early investors stand to benefit from the company’s robust growth trajectory and strong brand recognition.
Why Invest in Snitch?
Snitch has positioned itself as a high-growth company with a loyal customer base and a proven ability to innovate. Its focus on sustainability, cutting-edge fashion, and tech integration makes it an attractive investment opportunity. With the Indian fashion market poised for rapid growth, Snitch is well-placed to capitalize on this trend.
Conclusion
Snitch’s journey from a budding fashion brand to a Shark Tank success story and now to an IPO is nothing short of inspirational. As it prepares to go public, Snitch invites investors to join its exciting journey and be part of a brand that’s shaping the future of fashion.
Keep an eye on Snitch’s IPO announcements and consider investing in a company that embodies innovation, resilience, and ambition.
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