Bootstrapped Snitch registered a CAGR of 120% during the period and aims to earn Rs 350 crore by the end of 2025
New Delhi: Homegrown bootstrapped clothing brand Snitch recorded an annual revenue run-rate (ARR) of Rs 100 crore by the end of Q4 FY22 while registering a compound annual growth rate (CAGR) of 120%. The company had a revenue of Rs 80 crore at the end of Q1 FY22.
Snitch claims to be the first bootstrapped brand in the country to have achieved Rs 100 crore ARR 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 crores by the end of 2025,” said Chetan Siyal, chief marketing officer of Snitch in a release.
According to the brand, limitless and experimental fashion has contributed to the growth in its annual revenue.
Snitch receives over 2,000 orders every day, out of which 95% are from its own website, the release further said. The orders are fulfilled from its technology-enabled warehouse.
Founded in 2019 as a B2B men’s apparel brand and made its debut in the D2C and e-commerce fashion industry with 30 products in June 2020. It offers limitless and fast-fashion apparel, featuring formal wear, party wear, leisure wear and more in sizes up to 5XL.
By end of 2022, Snitch had over 2,500 styles on its website.
