Meet Siddharth DUNGARWAL, the passionate entrepreneur behind SNITCH, India’s fastest-growing fast fashion brand for men!
They’ve (Team SNITCH) not just embraced trends; they’ve set them.
Siddharth, a B.Com graduate with a deep passion for fashion, embarked on his entrepreneurial journey in 1992 with Mr & Mr, specializing in men’s shirts.
Fast forward to 2020, SNITCH was born to bridge the gap Siddharth identified in the market.
SNITCH proudly stands as a 100% ‘Made in India’ brand.
Siddharth, mostly self-taught, ventured into manufacturing after a serendipitous encounter, scaling the business to INR 50-60 crores before venturing into SNITCH.
Siddharth showcased SNITCH on Shark Tank India, seeking INR 1.5 crore for 0.5% equity at a valuation of 300 crores.
Siddharth’s impressive pitch on Shark Tank India Season 2 caught attention. With dispatching 2000 daily orders, 50,000 daily website visitors, and 5 lakh app downloads, SNITCH demonstrated its market presence.
The brand’s monthly revenue touched INR 9.3 crores, projecting significant growth. Siddharth, having bootstrapped the business, showcased an EBITDA of 5%.
Siddharth sought a blend of expertise from the sharks, emphasizing their diverse backgrounds.
The Sharks were convinced, offering INR 1.5 crore for 1.5% equity (0.3% each) at a valuation of 100 crores.
With an all-five sharks deal, SNITCH’s future looks promising. Plans include aggressive marketplace expansion, opening 10-15 offline stores in India, and exploring new categories.
Revenue spiked by 30% post-Shark Tank, with monthly revenue hitting INR 11 crores.