Menswear brand Snitch raises Rs 278 crore from 360 One Asset, others

0
17


Omnichannel menswear fashion brand Snitch has raised Rs 278 crore in a round led by 360 One Asset (formerly IIFL Wealth & Asset Management).

The round also saw existing investors SWC Global, a Singapore-based venture capital firm, and IvyCap Ventures, an early-stage venture capital firm, participate.

The company’s board has passed a resolution to issue 1,755 compulsorily convertible preference shares at a premium of Rs 15,89,385 each to raise Rs 278.93 crore, as per filings sourced from business intelligence platform Tofler.

360 One Asset has invested…



Source link

This site uses Akismet to reduce spam. Learn how your comment data is processed.