How Much Did Snapmint Raise? Funding & Key Investors

Snapmint has successfully raised funding through 8 rounds, attracting the support of 18 investors, including notable names like Prudent Investment Managers and General Atlantic. The company offers a unique platform that enables consumers to shop online using cardless, paperless EMIs.

Keep reading to explore the intricacies of Snapmint's fundraising journey and the investors backing this innovative platform.

What Is Snapmint?

Snapmint is a financial technology company based in Mumbai, Maharashtra, India. It specializes in providing cardless, paperless, online shopping EMIs to consumers, making it easier for them to purchase a wide range of products without the need for a credit card.

Operating in the consumer lending and financial services industry, Snapmint has a workforce of 101-250 employees. The company has successfully raised funding through 8 rounds, with notable investors like Prudent Investment Managers and General Atlantic backing its innovative platform.

How Much Funding Has Snapmint Raised?

1. Series B
   • Amount Raised: USD 115,000,000
   • Date: October 2025
   • Lead Investors: General Atlantic
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support Snapmint's growth and expansion in the financial technology sector.
2. Secondary Market
   • Amount Raised: USD 10,000,000
   • Date: October 2025
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To provide liquidity for existing shareholders and support company growth.
3. Series B
   • Amount Raised: USD 18,000,000
   • Date: December 2024
   • Lead Investors: Prashasta Seth
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To integrate with more shopping portals and expand the merchant network.
4. Debt Financing
   • Date: December 2024
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To grow the company's balance sheet and increase lending capacity.
5. Debt Financing
   • Amount Raised: USD 10,500,000
   • Date: October 2022
   • Lead Investors: Northern Arc
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support the expansion of Snapmint's lending capabilities.
6. Series A
   • Amount Raised: USD 10,500,000
   • Date: October 2022
   • Lead Investors: Prashasta Seth
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand Snapmint's platform and enhance its technology offerings.
7. Series A
   • Amount Raised: INR 670,000,000
   • Date: March 2022
   • Lead Investors: Prashasta Seth
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To grow the company's market presence and increase customer acquisition.
8. Seed
   • Date: December 2018
   • Lead Investors: Secocha Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To launch Snapmint's platform and begin operations.

Total Amount Raised: USD 163,000,000

Current Valuation: Not publicly disclosed

Key Investors

• General Atlantic
  • Details: General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. They have a strong track record of investing in high-growth sectors worldwide.
  • Investment Focus Areas: Technology, Consumer, Financial Services, Healthcare
  • Notable Investments: Airbnb, Alibaba, ByteDance
• Prashasta Seth
  • Details: Prashasta Seth is a prominent investor known for his strategic investments in emerging markets. He is the CEO of Prudent Investment Managers.
  • Investment Focus Areas: Fintech, Consumer Goods, Technology
  • Notable Investments: Snapmint, Other fintech startups
• Northern Arc
  • Details: Northern Arc is a financial services platform that provides access to debt for underbanked individuals and businesses. They focus on financial inclusion and support for small businesses.
  • Investment Focus Areas: Financial Inclusion, Microfinance, Small Business Lending
  • Notable Investments: Various microfinance institutions
• Secocha Ventures
  • Details: Secocha Ventures is an early-stage venture capital firm investing in innovative startups. They focus on technology-driven companies with high growth potential.
  • Investment Focus Areas: Technology, Consumer Internet, Healthcare
  • Notable Investments: Various early-stage tech startups
• Perpetuity Ventures
  • Details: Perpetuity Ventures is a venture capital firm that invests in early to mid-stage companies. They aim to support businesses with strong growth potential and innovative solutions.
  • Investment Focus Areas: Not explicitly mentioned
  • Notable Investments: Not explicitly mentioned

What's Next for Snapmint?

Snapmint is poised for significant growth as it integrates with more shopping portals and expands its merchant network. With over 35 million app downloads and operations across 26,000 PIN codes in India, the company is well-positioned to capitalize on the increasing adoption of Buy Now Pay Later (BNPL) platforms. The potential for co-lending partnerships with large banks further enhances its lending capabilities.

Future fundraising opportunities are likely, given Snapmint's rapid growth and ambitious expansion plans. The company may attract additional investments to support its scaling efforts and technology enhancements. However, challenges such as competition from other BNPL platforms and maintaining low default rates could pose hurdles along the way.

Use Clay to Get Funding Data

Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Snapmint and gather other critical business insights. Sign up for free to enhance your sales strategies and stay ahead in the competitive market.