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Snitch raises $40 Mn in Series B round; to enter quick commerce

EntrackrEntrackr · 9m ago
Snitch raises $40 Mn in Series B round; to enter quick commerce
Medial

Snippets Snitch raises $40 Mn in Series B round; to enter quick commerce D2C menswear brand Snitch has raised up to $40 million in its Series B funding round led by 360 ONE Asset. Existing investors IvyCap Ventures and SWC Global participated, along with the Ravi Modi Family Office and other angel investors. Entrackr had exclusively reported the development last week. This is the second major funding round for the Bengaluru-based fashion brand, following its $13 million Series A raised in December 2023. The proceeds will be used to expand Snitch’s offline retail footprint from 55 to over 100 stores by the end of 2025, enter quick commerce, and test international markets. The company also plans to expand into new apparel and lifestyle categories. Founded in 2020 by Siddharth Dungarwal, Snitch offers trendy and affordable apparel through its own website, mobile application, and an expanding network of offline retail stores. “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. As we gear up for global expansion and soon enter the public markets, this marks a bold step towards creating one of India’s most iconic fashion stories,” said Dungarwal. Snitch featured during the second season of Shark Tank India and raised Rs 1.5 crore against 1.5% equity from Anupam Mittal, Aman Gupta, Namita Thapar, Vineeta Singh, Peyush Bansal, and Amit Jain at Rs 100 crore valuation. The firm is targeting scale across India and international markets and is preparing for a public listing. For the fiscal year ending March 2024, Snitch reported a 100% year-on-year increase in its revenue to Rs 241 crore with Rs 4.39 crore profits. The company has yet to release its annual results for FY25.

Early learning startup Panda’s Box raises Rs 1.2 Cr from Shark Tank India

EntrackrEntrackr · 1m ago
Early learning startup Panda’s Box raises Rs 1.2 Cr from Shark Tank India
Medial

Early learning startup Panda’s Box raises Rs 1.2 Cr from Shark Tank India Panda’s Box has raised Rs 1.2 crore after appearing on Shark Tank India. The funding was jointly backed by Aman Gupta and Namita Thapar. The funds will be used to invest in product development, expand distribution channels, strengthen its digital presence, and reach more families across India. Founded in 2022 by Sukriti Mendiratta and Rajat Mendiratta, Panda’s Box operates in the screen-free early learning segment, focusing on culturally rooted and hands-on learning products for children aged 0–6 years. The startup offers products such as interactive musical books, storytelling tools, and mantra-based plush toys. Panda’s Box claims to have reported a monthly run rate of around Rs 1.5 crore. The startup has built a customer base of parents seeking alternatives to digital-first learning tools. The brand competes with brands such as FirstCry, Smartivity, PlayShifu, Skillmatics, and KLAY Preschools, which offer learning toys, activity kits, or early education solutions.

D2C brand Bonkers Corner raises $10.5 Mn at $48 Mn valuation

EntrackrEntrackr · 13d ago
D2C brand Bonkers Corner raises $10.5 Mn at $48 Mn valuation
Medial

D2C brand Bonkers Corner raises $10.5 Mn at $48 Mn valuation Omnichannel clothing brand Bonkers Corner raised Rs 95 crore ($10.5 million) in a Series A round led by India SME Investment Fund, with participation from Radhakrishna Ramnarain Pvt Ltd, Namita Thapar, and over 20 other investors. The board of Bad Brains Streetstyle Pvt Ltd, parent of Bonkers Corner, has allotted 3,12,644 Series A CCPS at an issue price of Rs 3,038 apiece to raise the aforementioned sum, according to its filing with the Registrar of Companies (RoC). Private equity firm India SME Investments led the round with Rs 64.5 crore (about $7.15 million), followed by Radhakrishna Ramnarain Pvt Ltd, which invested Rs 17.8 crore. Rajesh Raheja contributed Rs 3 crore. Meanwhile, Namita Thapar, a judge on Shark Tank India, participated with Rs 50 lakh through Thapar Vision LLP, completing her Rs 1.5 crore investment commitment made on the show. The remaining amount was contributed by over 20 other investors, including several angel investors. This appears to be the first major funding round for the D2C brand, and the funds have already been credited to the company’s bank account. As per Entrackr’s estimates, the company is currently valued at Rs 430 crore (nearly $48 million) on a post-money basis. Founded in 2020 by Shubham Gupta, Bonkers Corner is a streetwear-focused fashion brand that sells apparel for both men and women. Its product range includes oversized graphic T-shirts, gym wear, hoodies, sweatshirts, and co-ord sets. Following the allotment of this tranche, India SME Investments holds a 15% stake in the firm, while Radhakrishna Ramnarain Pvt Ltd owns 4.14%. Namita Thapar holds a minor 0.37%, while founder Sanjay Gupta, along with his wife Reena Gupta, retains 70.62% ownership in the company. For the fiscal year ended March 2025, the Mumbai-based company reported 23% year-on-year growth in operating revenue to Rs 123 crore. It also posted a profit of Rs 4.3 crore during the last fiscal year. Bonkers Corner operates in a competitive D2C fashion market, competing with brands such as Snitch, which raised $40 million last year, Rare Rabbit, which secured $6 million, and MyDesignation, which recently raised Rs 40 crore. Other rivals in the segment include Bewakoof and The Souled Store, among several other direct-to-consumer brands.

Truth & Hair raises Rs 2.5 Cr from Varun Alagh on Shark Tank India

EntrackrEntrackr · 1m ago
Truth & Hair raises Rs 2.5 Cr from Varun Alagh on Shark Tank India
Medial

Truth & Hair raises Rs 2.5 Cr from Varun Alagh on Shark Tank India Truth & Hair has raised Rs 2.5 crore from Varun Alagh after appearing on Shark Tank India. The proceeds will be deployed towards product innovation, marketing, and strengthening retail and digital distribution. The brand also plans to invest in consumer education around hair texture diversity and scalp health. Founded by Saumya Alagh and Shailesh Singh, Truth & Hair operates in the hair beauty and styling segment, with a focus on hair makeup, styling products, and scalp-first care. The brand positions itself beyond traditional hair care categories such as shampoos and conditioners. Truth & Hair offers products including root touch-up hair mascara, flyaway wands, curly hair stylers, and texture-specific cleansing and conditioning ranges. The company focuses on developing products tailored to different hair textures such as straight, wavy, and curly hair. Truth & Hair plans to expand its portfolio in hair makeup and styling, deepen its science-led formulations, and build an omnichannel presence across India as it scales its operations following the Shark Tank India appearance.

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