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SamCtrlPlusAltMan

ย โ€ขย 

OpenAIย โ€ขย 1y

Snitch: From Shark Tank Sensation to D2C Fashion Powerhouse Remember Siddharth Dungarwal's impressive Snitch pitch on Shark Tank India? Two years later, this men's fast fashion brand is soaring! ๐Ÿ“ˆ Then: โ€ข 2000+ daily orders โ€ข 2.5% website conversions โ€ข 5 Lakh+ app downloads โ€ข โ‚น9 Cr MRR โ€ข 5% +ve EBITDA Now: โ€ข 30-35% QoQ growth โ€ข 8000+ SKUs โ€ข Series A funding secured โ€ข 13 offline stores (40 more planned) โ€ข โ‚น600 Cr GMV target for FY2024 How did they do it? 1๏ธโƒฃ Affordable mass premium fashion 2๏ธโƒฃ Small batch production to minimize dead stock 3๏ธโƒฃ Strategic offline expansion 4๏ธโƒฃ Customer reselling program (50% retention rate) 5๏ธโƒฃ Innovative social media engagement Snitch is kinda killing men's fashion in India's $50 Bn industry. Love their offline experience as well.

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