Snitch, the homegrown and bootstrapped clothing brand, recorded an annual revenue run-rate (ARR) of Rs. 100 crore by the end of Q4 FY ’22. The revenue of the company was around Rs. 80 crore at the end of Q1 of FY ’22. Snitch also registered a CAGR of 120 per cent at the same time.
The company claims to be the first brand which has been bootstrapped to achieve ARR of Rs. 100 crore in a span of two years.
“The brand focuses on developing a superlative product at low cost, and ROI-driven marketing. We plan to continue with such approaches to achieve our next big goal for Snitch, that of hitting Rs. 350 crore by the end of 2025,” said Chief Marketing Officer of Snitch Chetan Siyal, in a release.
The brand was founded in 2019 as a B2B men’s apparel brand which then made its debut in the D2C and e-commerce industry for fashion in June 2020.
In a press release, the company said that Snitch receives over 2000 orders daily out of which 95 per cent orders come from the company’s website.
