Latest news with #360ONEAsset
Fashion Value Chain
a day ago
- Business
- Fashion Value Chain
Snitch Raises $40M to Scale Up Retail & Go Global
Snitch, India's fastest-growing D2C menswear brand, has secured up to USD 40 million in a Series B funding round led by 360 ONE Asset. The investment also saw participation from IvyCap Ventures, SWC Global, the Ravi Modi Family Office (of Manyavar fame), and other angel investors. The capital will fuel Snitch's bold expansion goals: Growing its offline presence from 55+ to 100+ stores by end-2025 Entering quick commerce to offer fashion delivered within hours Launching new apparel and lifestyle categories Piloting global markets Siddharth Dungarwal, Founder & CEO, described this round as validation of the brand's vision—an Indian menswear brand built on speed, belief, and customer-centricity ready to compete on a global stage. With 120% YoY growth and a strong omnichannel model, Snitch is now preparing for international expansion and a future IPO. 360 ONE Asset's Chetan Naik praised Snitch's lean, design-led business model and ability to maintain profitability while scaling quickly, calling it a 'category-defining' brand in the making. IvyCap Ventures and SWC Global reaffirmed their commitment, citing Snitch's superior supply chain, tech agility, and ability to engage India's Gen Z and millennial male shoppers as reasons for continued support. Founded in 2020, Snitch has made its mark by blending drop-driven fast fashion with a digital-first strategy and rapid design cycles. Its previous ₹110 Cr Series A in 2023 laid the groundwork for tech upgrades and retail expansion. PwC India served as the exclusive financial advisor on the deal, while JSA acted as legal counsel.
Mint
2 days ago
- Business
- Mint
Growth-inflation dynamics favourable; RBI may trim interest rates by 100-125 bps in current cycle: Chhabra of 360 ONE
Expert view: Vikram Chhabra, Senior Economist, 360 ONE Asset, says India's growth and inflation dynamics are favourable. He expects the RBI to cut the repo rate by 100-125 basis points in the current rate-reduction cycle. In an interview with Mint, Chhabra also discusses the risk of stagflation in the US and how a slowdown in the US economy could affect Indian exports. Here are edited excerpts of the interview: We believe India's economic growth has bottomed out and is now entering a recovery phase. The broader macroeconomic environment has also become increasingly supportive. First, the Reserve Bank of India (RBI) has eased monetary policy by cutting the repo rate by 50 basis points and infusing the banking system with surplus liquidity. Second, the recent income tax cuts announced in the Union Budget are expected to raise household disposable incomes, supporting a rebound in urban consumption. Third, the India Meteorological Department's (IMD) projection of an above-normal monsoon bodes well for the agricultural sector and rural demand. Meanwhile, inflation has eased significantly over the past six months and is expected to remain broadly aligned with the 4 per cent target through FY26. Softer crude oil prices and a strong rabi harvest further reinforce the benign inflation outlook. Experts recommend THESE 6 stocks to buy on an above-normal monsoon in India Bilateral trade agreements are inherently designed to be mutually beneficial, offering improved market access, reduced trade barriers, and policy stability. We have high expectations for the India-US trade deal. It has the potential to strengthen India's manufacturing sector by improving access to the US market. So far, India has had only limited success in penetrating the US market. Our analysis of UN Comtrade data shows that, between 2016 and 2024, India's share of US merchandise imports rose by just one percentage point, from 2 per cent to 3 per cent. Meanwhile, China continues to dominate US imports across a wide range of product categories, where India's presence remains negligible. A well-negotiated trade deal could provide the necessary impetus to expand India's goods exports to the US, particularly as the US and China clash over economic, technological, and geopolitical dominance, accelerating the decoupling between the two economies. The inflation outlook remains benign, giving the RBI room to prioritise growth. In its April 2025 policy, the RBI projected FY26 real GDP growth at 6.5 per cent YoY. We believe India has the potential to move to a higher growth trajectory, which would require continued policy support. Meanwhile, the external environment remains volatile, with heightened geopolitical tensions, rising geo-economic fragmentation, and persistent global uncertainty, all of which pose downside risks to growth. Against this backdrop, we see scope for further rate cuts of 50-75 basis points. Thus, the current rate-cut cycle could total 100-125 basis points, bringing the terminal repo rate down to 5.25-5.50 per cent. The US economic activity is losing momentum, weighed down by tariffs and erratic policymaking. GDP growth forecasts for 2025 have also been significantly revised downwards. At this stage, the impact of tariff hikes on the US economy remains highly uncertain, as the measures themselves are fluid and will depend on the number of bilateral agreements the US is able to finalise. However, if the announced tariff increases are sustained, they could push inflation higher, increasing the risk of stagflation. Consumer surveys also reveal rising risks of stagflation, as consumer sentiment has declined while inflation expectations have increased. A US slowdown could significantly impact certain emerging markets that are heavily reliant on US exports. For example, our analysis of US census and IMF data suggests that the value of merchandise exports to the US amounts to nearly 29 per cent of Vietnam's GDP and around 12 per cent of Thailand's and Malaysia's GDP. India, by comparison, is relatively better placed, with exports to the US amounting to only 2 per cent of GDP. However, a potential US slowdown could still weigh on India's merchandise exports, particularly in sectors such as electronics, gems and jewellery, textiles and apparel, pharmaceuticals, and capital goods. More notably, India's software services exports are likely to be significantly impacted, given their strong dependence on the US market. Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
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Business Standard
2 days ago
- Business
- Business Standard
Snitch raises $40 mn to expand men's fashion brand in India, overseas
Snitch, a rising direct-to-consumer (D2C) menswear brand in India, has secured up to $40 million in a Series B funding round aimed at accelerating its expansion plans. The round was led by Mumbai-based 360 ONE Asset, with continued support from existing investors IvyCap Ventures and SWC Global. New backers included the Ravi Modi Family Office — associated with ethnic wear giant Manyavar — as well as a group of angel investors. Founded to address the evolving fashion preferences of India's urban male consumers, Snitch has gained traction for its affordable, trend-forward apparel. The company plans to use the fresh capital to broaden its offline retail presence from more than 55 stores to over 100 by the end of 2025. It also intends to enter the quick commerce space, offering near-instant delivery of fashion items, and expand into new lifestyle and apparel categories. Additionally, Snitch is eyeing international markets, with pilot launches expected in the near future. 'Snitch has been a force redefining fashion making in India for the world. This fundraise is a backing to our belief that Indian fashion can move with speed, scale and confidence, and truly compete at a global stage,' said Siddharth Dungarwal, founder and chief executive officer (CEO) of Snitch. With 120 per cent year-on-year (Y-o-Y) growth, more than 55 stores, and strong loyal customer base, Dungarwal said the firm is stepping into a bigger league, building a world-class brand. 'As we gear up for global expansion and entering the public markets, this marks a bold step towards creating one of India's most iconic fashion stories,' added Dungarwal. Chetan Naik, senior fund manager and strategy head for technology at 360 ONE Asset, described Snitch as one of India's fastest-growing and profitable scaled D2C brands. He noted the company's distinctive approach to fashion retail, citing its agility in tracking trends, digital-first execution, and expanding its omnichannel presence. Naik highlighted Snitch's operating model, which combines rapid design cycles, end-to-end execution, and lean manufacturing. 'Snitch has demonstrated the rare ability to deliver high growth while maintaining strong unit economics and exceptional capital efficiency,' said Naik. He added, 'Its sharp focus on men's fashion, backed by a scalable offline model, positions it well to become a category-defining brand.' Vikram Gupta, founder and managing partner at IvyCap Ventures, said the firm's reinvestment in Snitch reflects its continued confidence in the brand's execution capabilities, capital-efficient growth, and distinct positioning within the men's fashion segment. He noted that with a targeted focus on Gen Z and millennial consumers, along with a scalable omnichannel strategy, Snitch is on a strong path towards category leadership. Tuck Lye Koh, founding partner, SWC Global, said Snitch continues to demonstrate strong supply chain management as well as high focus on customer experience. He said over the last 18 months, with the offline expansion, Snitch has established itself into a truly omnichannel brand. 'We are looking forward to our continued partnership with the team to grow Snitch into a leading men's apparel brand in the country,' said Tuck Lye Koh. Founded in 2020, Snitch has emerged as a standout in India's D2C fashion market. It previously raised Rs 110 crore in its Series A round in December 2023, which laid the foundation for its offline expansion, tech stack, and product depth. Since then, it has doubled revenue, strengthened brand equity, and built a community-first approach to fashion for Gen Z and millennial men. PwC India Investment Banking team acted as the exclusive financial advisor to Snitch on the successful closure of Series B round. JSA was the legal counsel to Snitch on this transaction.
Entrepreneur
22-05-2025
- Business
- Entrepreneur
360 ONE Asset Unveils Early-Stage VC Strategy to Back Next-Gen Unicorns
The early-stage VC strategy is central to 360 ONE Asset's "Idea to IPO" capital stack, providing a seamless investment journey for category-defining startups across consumer technology, fintech Infrastructure, generative AI, and frontier technologies, including spacetech, defence, and precision manufacturing. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. 360 ONE Asset, a wholly-owned subsidiary of 360 ONE WAM, has launched its early-stage venture capital strategy, aiming to fuel India's most ambitious startups from inception to IPO. With this move, the firm reinforces its integrated lifecycle investing model, anchored by its broader INR 25,000 crore (USD 3+ billion) private equity platform. The early-stage VC strategy is central to 360 ONE Asset's "Idea to IPO" capital stack, providing a seamless investment journey for category-defining startups across consumer technology, fintech Infrastructure, generative AI, and frontier technologies, including spacetech, defence, and precision manufacturing. "As India approaches its next wave of startup-led economic transformation, 360 ONE Asset's early-stage strategy aims to be at the forefront – identifying, backing, and shaping the companies that will define the next generation of unicorns," said Sameer Nath, CIO and Head, Private Equity and Venture Capital, 360 ONE Asset. "Our strategy is backed by a highly experienced team and distinguished by proprietary deal flow through a network of over 7,000 founders and domain experts." Led by a seasoned team, the strategy takes a high-conviction approach — marked by significant ownership, board involvement, and active value creation. Founders also gain strategic support and access to 360 ONE's ecosystem, including scale-stage capital. "India's early-stage ecosystem is entering a pivotal decade. With our early-stage strategy, we aim to bridge the white space between India's robust micro-VC ecosystem and the large global funds – by backing exceptional founders early and supporting them with patient, long-term capital throughout their growth journey," said Abhishek Nag, Senior Fund Manager and Strategy Head, Early-Stage VC. He added, "We follow a disciplined investment process with rigorous diligence, clear value creation plans, and defined exit strategies. We also offer active co-investment opportunities for strategic partners – all while staying focused on long-term macro trends like domestic consumption, financial infrastructure, healthcare, AI-led services, and deep tech innovation." A robust deal pipeline is already underway, including: A hybrid-casual gaming startup with over 10 million downloads in three months. A hot sauce brand popularizing Indian flavours globally. A SaaS startup building a "mutual fund AMC in a box." A space-tech firm led by ex-ISRO scientists, working on indigenous SAR tech. Backed by a strong advisory board, including leaders like Gaurav Kushwaha (Bluestone) and Nigel Vaz (Publicis Sapient), 360 ONE Asset's early-stage strategy aims to power the next era of Indian innovation.
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Business Standard
22-05-2025
- Business
- Business Standard
360 ONE Asset launches Rs 500 cr VC fund to tap early-stage startups
360 ONE Asset, the asset management arm of wealth manager 360 ONE WAM, has rolled out a Rs 500 crore early-stage venture capital fund, marking a decisive push into India's burgeoning startup ecosystem. The fund has already backed four startups across diverse sectors, bolstering the firm's 'Idea to IPO' capital stack. The fund will focus on seed and Series A rounds in areas such as consumer tech, fintech infrastructure, generative AI and frontier technologies including spacetech, defence and precision manufacturing, according to a press statement. Anchored by 360 ONE Asset's $3 billion private equity platform, the strategy emphasises deep involvement, board participation and long-term capital support, the company said. 'As India approaches its next wave of startup-led economic transformation, 360 ONE Asset's early-stage strategy aims to be at the forefront, identifying, backing and shaping the companies that will define the next generation of unicorns,' said Sameer Nath, CIO & Head, Private Equity & Venture Capital, 360 ONE Asset. The firm is positioning itself to fill a gap between the country's micro-VC ecosystem and large global funds, said Abhishek Nag, Senior Fund Manager, Strategy Head, Early-Stage VC, 360 ONE Asset, adding that the firm will support startups with patient, long-term capital throughout their growth journey. 'We follow a disciplined investment process with rigorous diligence, clear value creation plans and defined exit strategies. We also offer active co-investment opportunities for strategic partners, all while staying focused on long-term macro trends like domestic consumption, financial infrastructure, healthcare, AI-led services and deep tech innovation,' Nag added. The strategy is already in motion, with deals in advanced stages of diligence. These include a hybrid-casual gaming startup whose flagship India-focused game hit 10 million downloads in three months; a hot sauce brand popularising Indian flavours abroad; a SaaS firm building a 'mutual fund AMC in a box'; and a spacetech company developing indigenous Synthetic Aperture Radar technology with ISRO expertise, the company said. 360 ONE Asset's early-stage bets are supported by an advisory board that includes entrepreneurs and tech leaders such as Gaurav Kushwaha, Nigel Vaz, Vaibhav Domkundwar and Ashwin Mittal.
