Skip to main content

Snitch attains 2.4 % share in men’s e-commerce fashion in India

It recently launched a flagship store in Pune’s Amanora Mall, which is the brand’s 12th store

New Delhi: D2C fashion startup Snitch has acquired a 2.4 % market share in the men’s fashion e-commerce segment, the company announced in a press release on Wednesday.

The brand also reported a 130% increase in sales compared to last fiscal, the release added.

“We are thrilled by the overwhelming growth the brand has witnessed in the past four years. Our journey has been marked by numerous milestones, each reflecting our commitment to excellence and innovation,” said Siddharth Dungarwal, Founder, Snitch.

The brand has 11 stores in cities like Vadodara, Pune, Hyderabad, Bangalore, Surat, and Ahmedabad and it also sells online on its website. It recently expanded its offline retail presence by launching a flagship store in Pune’s Amanora Mall, which is the brand’s 12th store.

Founded in 2020 in Bengaluru, Snitch is a fashion and lifestyle brand selling 15 units per minute across online and retail with a diverse product portfolio in men’s clothing, shoes, perfumes and sunglasses. The brand recently raised Rs. 110 crore in its series A funding round.

It plans to open 40 stores by the end of this fiscal year targeting metro cities like Mumbai and Delhi. Read more about it here.

The post Snitch attains 2.4 % share in men’s e-commerce fashion in India appeared first on India Retailing.



from India Retailing https://ift.tt/xLjTtoR
via IFTTT

Comments

Popular posts from this blog

Eagle Labs launches impirica CBD brand

ST. PETERSBURG, Fla. — Eagle Labs has launched impirica, a new brand of CBD intended to eliminate consumer fear, and increase confidence, in trying the exciting new cannabidiol category. Michael Law Although most Americans have now heard about CBD, many are very confused and concerned about product quality. This is inhibiting trial in the category and holding back conversion into sales. In fact, a 2017 study by Johns Hopkins University found that two out of three CBD products on the shelf did not contain the amount of CBD reflected on the label. Furthermore, in 2018 and 2019, the FDA sent notices to a substantial number of CBD manufacturers advising them of serious concerns about product quality or egregious medical claims. The impirica brand looks different than most CBD brands — the brand name itself connotes testing and trust, says Eagle Labs chief commercial officer Michael Law. “It doesn’t use the traditional category colors of browns and greens, and you won’t find a hemp...

Sagar Daryani, CEO and Co-founder – Wow! Momo & Saga: From a Kiosk to a Kingdom

Sagar Daryani’s entrepreneurial odyssey from humble beginnings to pioneering success has redefined the landscape of food startups in India. Co-founding Wow! Momo, he has spearheaded the growth of the largest indigenous QSR chain in the country, crafting a remarkable saga of triumph The Genesis: A Visionary Venture Takes Root In 2008, armed with a mere Rs. 30,000 and boundless ambition, Sagar Daryani and Binod Homagai embarked on their entrepreneurial journey while still pursuing their graduation in B.Com Hons from St. Xavier’s College, Kolkata, even before their college results were out. They knew the value for money and boot-strapped to plough back profits and grow their venture. Sagar spearheaded brand expansion, brand creation, and marketing and retail operations. Grew across the city with a strong consumer focus. The early days were hard but keeping track of the money flow was even harder. Believing in the concept of ‘1 rupee saved is 5 rupees earned’, and the lessons they lear...

Homegrown ice cream chain HOCCO to open 250 stores, eyes Rs 400 crore by FY26

Ankit Chona, Founder and Managing Director of HOCCO, delves into the company’s revenue model, growth strategies, and vision for the future… Bengaluru: HOCCO (House of Chonas Collaborative) , the Ahmedabad-based ice cream and quick-service restaurant (QSR) chain, boasts a rich legacy spanning over 70 years, with roots tracing back to pre-independence India. The Chona family has been deeply entrenched in the food industry since 1944, originally operating in undivided Pakistan. Following the Partition, Satish Chona , an engineer with British Overseas Airways Corporation, relocated from Karachi to India. After journeying through multiple cities, he ultimately settled in Ahmedabad, where he established his first QSR outlet in 1953. Three decades later, he expanded into the casual dining segment, launching a restaurant in Baroda while continuing the family’s ice cream manufacturing business. However, in 2017, the company sold its ice cream division to a South Korean firm, shifting its fo...