Latest news with #360OneAsset
Fashion Network
4 days ago
- Business
- Fashion Network
Snitch raises $40 million in series B funding round led by 360 One Asset
Snitch, a direct-to-consumer menswear brand has raised around $40 million (Rs 341 crore) in series B funding round led by 360 One Asset to fuel offline scale-up, quick commerce, and global ambitions. The funding round also saw participation from existing investors Ivycap Ventures and SWC Global, along with Ravi Modi Family Office and other angel investors. The fresh capital will be used for the brand's aggressive next phase of growth which includes offline expansion, entry into quick commerce, international expansion and product portfolio diversification. Commenting on the funding, Siddharth Dungarwal, founder CEO of Snitch in a statement said, '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. With 120% YoY growth, 55+ stores with strong unit economics, and strong loyal customer base, we're stepping into a bigger league, building a world-class brand with India at its heart and agility at its core.' Chetan Naik, senior fund manager at 360 One Asset added, 'With a distinctive operating model that blends weekly design launches, full-stack execution, and lean manufacturing, Snitch has demonstrated the rare ability to deliver high growth while maintaining strong unit economics and exceptional capital efficiency. We are excited to back Siddharth and the Snitch team as they lead the next phase of fashion innovation from India.' Founded in 2020 as a direct-to-consumer brand with its website, Snitch currently has over 50 stores across 20 cities in India.
Time of India
22-05-2025
- Business
- Time of India
360 One Asset launches early-stage VC fund to back startups
360 One Asset , a subsidiary of wealth and asset manager 360 One Wam , has launched an early-stage venture capital fund aimed at backing Indian startups from their first institutional round through to later stages. The strategy is part of the firm's Rs 25,000 crore private equity platform and focuses on sectors such as consumer technology, fintech infrastructure, generative AI, spacetech, defence, and advanced manufacturing. The fund will invest with high ownership, take board seats, and work closely with founders on business strategy and growth. Sameer Nath , CIO and head of private equity and venture capital at 360 One Asset, said the new strategy is aimed at identifying and supporting companies that could become India's next unicorns. '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. 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,' Nath said. The early-stage fund is led by Abhishek Nag, who said the firm wants to fill the funding gap between micro-VCs and large global funds. The team will offer co-investment opportunities to partners. The fund has already built a deal pipeline. These include a gaming company with over 10 million downloads, a hot sauce brand targeting global markets, a SaaS outfit offering mutual fund tech, and a spacetech startup building indigenous radar systems. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The fund is advised by a board that includes founders and executives from BluestOne, Publicis Sapient, Better Capital, and C5i.
