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Today, we meet Siddharth Dungarwala, founder of Snitch who appeared in Shark Tank India season 2 episode 20 to pitch in front of the Sharks. Snitch is India’s fastest-growing fast fashion brand for men, the clothes are completely made in India. Products such as shirts, t-shirts, denim, and more are available on their own website and app.
In his pitch, Siddharth Dungarwala asked for 1.5 crores for 0.5% equity at a 300 Crores Valuation. After the pitch, He got an offer of 1.5 crores for 1.5% of the company from all sharks – Anupam Mittal, Vineeta Singh, Aman Gupta, Namita Thapar and Peyush Bansal. This was Shark Tank India Season 2’s first all shark deal.
I talk to the founder about:
-How he started Snitch?
-The startup’s competitors
-How shark tank has impacted the startup?
-Snitch’s finances, branding, sales, marketing, profitability and future plans.
Enjoy 🙂
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Watch the video here >>