Snapmint set to raise $40 Mn led by General Atlantic

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Startup Details

  • Startup Name: Snapmint
  • Founded: 2017
  • Founders:
    • Nalin Agrawal
    • Anil Gelra
    • Abhineet Sawa

Funding Rounds

  1. Funding Round: Upcoming (Negotiating)

    • Amount: $40 million
    • Date: Not specified (Current negotiations)

  2. Funding Round: Recent (Series A)

    • Amount: $21 million
    • Date: August 2022
  3. Funding Round: Recent
    • Amount: $18 million (mix of debt and equity)
    • Date: Six months prior to the current report (exact date not specified)

Investors

  • Lead Investor for Upcoming Round: General Atlantic
  • Participants in Recent Rounds:
    • Prashasta Seth (Prudent Investment Manager)
    • Perpetuity Ventures
    • Pegasus Fininvest
    • Kae Capital
    • 9 Unicorns
    • Anicut Capital
    • Negen Capital

Company Overview

  • Business Model: Buy Now Pay Later (BNPL)
  • Services Offered: Access to credit for purchasing various items, including electronics and health & wellness products.
  • Revenue: Rs 88.56 crore in FY24
  • Loss: Rs 33.64 crore in FY24

Valuation

  • Estimated Company Valuation: Rs 1,300–1,400 crore ($150–160 million)

Competitors

  • Axio (formerly Capital Float)
  • ZestMoney (acquired by DMI Group)

This organized format should provide a clear view of Snapmint’s capital structure and funding journey.

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2025-06-11 09:34:21