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Snitch targets Rs 600 crore GMV by 2024-end

Having achieved a gross merchandise value (GMV) of Rs 400 crore, direct-to-consumer(D2C) brand Snitch aims to increase this to Rs 600 crore by end of the fiscal year 2024.

Snitch’s Q-o-Q revenues grew by 35 per cent over the last two years. The brand’s quarterly sales and revenues grew by around 40 per cent during this period fuelled by its offline initiative initiatives. The brand generates most of its revenues form the men’s apparel segments which contributes to around to around 80 per cent of its total operating revenue.
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Siddharth Dungarwal, Founder, attributes this remarkable achievement to the unwavering trust of their esteemed clientele and the tireless efforts of their dedicated team. He emphasises on Snitch's commitment to innovation, staying ahead of fashion trends, and delivering superior style at affordable prices.

In a recent milestone, Snitch secured Rs 110 crore in a series A funding round, earmarking these funds for an expansive retail footprint.

With a blend of customer trust, team dedication, and financial backing, Snitch appears poised to continue its upward trajectory in the realm of men's fashion.

Snitch targets Rs 600 crore GMV by 2024-end

Strong Consumer Spending Boosts India’s Economy During Festive Season

As per the latest ETRetail report l
India's economy, one of the world's fastest-growing, is booming with consumer spending during the festive season.
People are splashing out on cars, phones, and TVs, buoying growth. Online platforms like Amazon and Flipkart saw sales rise almost 20% in the first week of festive sales compared to last year.
Digital transactions via the Unified Payments Interface also jumped about 40% in October compared to the same month last year.

Strong Consumer Spending Boosts India’s Economy During Festive Season

Da Milano unveils Spring Summer 2024 collection

Da Milano has unveiled its highly anticipated Spring Summer 2024 collection, an embodiment of refined taste and sophistication that beckons individuals to embrace their true essence through effortless styling. Each piece of the collection weaves a narrative of timeless craftsmanship intertwined with contemporary allure, offering a glimpse into a world where luxury knows no bounds.
At the heart of the collection lie the Scalloping Bags, coveted essentials that exude grace and charm, tailored for fashion aficionados with discerning tastes. The DM Monogram Collection adds an exclusive touch, embracing both men and women in a realm of sartorial elegance, while the Geometric Patterned collection caters to connoisseurs of refined aesthetics.
For the modern-day career woman, the Day-N-Night Collection stands as a testament to versatility, seamlessly transitioning from the fast-paced boardroom to the chic ambiance of cocktail evenings with effortless grace.
Venturing beyond the confines of accessories, Da Milano introduces a diverse range of trolleys and luggage, marrying style with functionality for avid travelers. From the exquisite textures of Signato to the timeless allure of Croco, the collection offers a plethora of options for individuals with a penchant for luxury.
Small Leather Goods take center stage, each piece a testament to intricate design and meticulous craftsmanship. From mobile covers to jewelry cases, Da Milano presents a symphony of textured leather options, inviting patrons to indulge in a world of opulence.
The color palette of the collection boasts captivating shades like Petrol Green, Tomato, Chocolate, Taupe, and Cognac. Paying homage to its distinctive hues, Da Milano unveils Octane, Ocean, Orchid, Chalk, Ivory Blush, and Honey, each a testament to the brand's enduring legacy of sophistication and charm.
Sahil Malik, Managing Director, Da Milano, remarks, the Spring Summer 2024 collection is a seamless fusion of classic artistry and modern aesthetics. The brand has meticulously crafted a world where tradition meets innovation, inviting individuals to embrace their unique identity through effortless styling.

Da Milano unveils Spring Summer 2024 collection

Virgio: Leading the Fashion Revolution with Sustainable Practices

01 February 2024, Mumbai

Imagine a fashion industry where clothes have multiple lives, resources are conserved, and the environment thrives. That's the vision behind Virgio, a trailblazing company led by former Myntra CEO Amar Nagaram.

Circularity at its Core:

Virgio isn't just about creating trendy clothes; it's about creating a circular economy within fashion. This means they consider the entire lifecycle of each garment, from sourcing sustainable materials to ensuring responsible disposal. This sets them apart as a true leader in the shift towards a more sustainable future for fashion.

Innovation Meets Sustainability:

But how do they make it happen? Virgio leverages cutting-edge recycling technologies to breathe new life into textile waste. These technologies allow them to repurpose and regenerate materials, significantly reducing the environmental impact of their production processes.

A Visionary Leader at the Helm:

The driving force behind Virgio's mission is Amar Nagaram, whose experience as the CEO of Myntra instilled in him a deep understanding of the fashion industry's challenges and opportunities. His leadership and unwavering commitment to sustainability have been instrumental in shaping Virgio's revolutionary approach.

Collaboration for Impact:

Virgio understands that change requires collective action. That's why they actively forge strategic partnerships and collaborations with like-minded organizations. These alliances amplify their impact and create a powerful community dedicated to fostering a more sustainable and responsible fashion industry.

Making a Difference, One Garment at a Time:

Virgio's commitment to sustainability isn't just a شعار; it translates into real-world results. Their efforts have led to a measurable positive impact on the environment, from reducing carbon footprints to promoting ethical labor practices. Their success story is a testament to the power of innovation and collaboration in driving positive change.

By rethinking fashion from the ground up, Virgio is paving the way for a more sustainable future, one garment at a time.

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Strong Consumer Spending Boosts India’s Economy During Festive Season

06 November 2023, Mumbai

As per the latest ETRetail report l
India's economy, one of the world's fastest-growing, is booming with consumer spending during the festive season.
People are splashing out on cars, phones, and TVs, buoying growth. Online platforms like Amazon and Flipkart saw sales rise almost 20% in the first week of festive sales compared to last year.
Digital transactions via the Unified Payments Interface also jumped about 40% in October compared to the same month last year.

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