Men's direct-to-consumer fashion brand Snitch aims to establish 10 new retail outlets in January to strengthen its omnichannel presence

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Siddharth Dungarwal, cofounder and CEO of Snitch, said on LinkedIn that three additional locations will open in Bengaluru

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With one each in Delhi, Hubli, Chennai, Guwahati, Pune, Rajahmundry, and Lucknow. With this, the startup's overall store count will reach 45

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The CEO told media that the firm intends to "aggressively expand" its offline presence, with the goal of reaching 100 stores total

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As part of this, it expects to open around 65 new stores this year

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Snitch's offline growth comes a year after it raised $13.19 million in a Series A funding headed by SWC Global and IvyCap Ventures

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In 2023, the startup appeared on the TV show Shark Tank India and received an all-shark deal of INR 1.5 crore from 4 sharks

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It competes with brands such as XYXX, DaMENSCH, Chromozome, BlissClub, Freecultr, and Bombay Shirt Company

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Snitch earned a net profit of INR 4.4 crore in fiscal year 2023-24 (FY24) on an operating revenue of INR 243 crore

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