About Snap-E Cabs
Snap-E Cabs is a company based in Kolkata (India) founded in 2021 by Mahendra Bindal and Mayank Bindal.. Snap-E Cabs has raised $5 million across 2 funding rounds from investors including IP Ventures, ah! Ventures and Shish Kharesiya. The company has 80 employees as of April 07, 2024. Snap-E Cabs operates in a competitive market with competitors including BluSmart, Evera Cabs, Eprakriti, Cab-eez and Malbork, among others.
- Headquarter Kolkata, India
- Employees 80 as on 07 Apr, 2024
- Founders Mahendra Bindal, Mayank Bindal
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Ec Wheels India Private Limited
- Date of Incorporation 26 Feb, 2022
- Jurisdiction Kolkata, West Bengal, India
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Annual Revenue
$401.43 K (USD)0as on Mar 31, 2023
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Net Profit
$-571.32 K (USD)0as on Mar 31, 2023
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EBITDA
$201.72 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$5 M (USD)
in 2 rounds
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Latest Funding Round
$2.5 M (USD), Seed
Sep 11, 2025
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Investors
IP Ventures
& 4 more
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Employee Count
80
as on Apr 07, 2024
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Leadership Team
1 people
Operations Team
1 people
Product Management Team
1 people
Finance and Accounting
1 people
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Funding Insights of Snap-E Cabs
Snap-E Cabs has successfully raised a total of $5M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.5 million completed in September 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $2.5M
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First Round
First Round
(05 Feb 2024)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2025 | Amount | Seed - Snap-E Cabs | Valuation | Inflection Point Ventures | |
| Feb, 2024 | Amount | Seed - Snap-E Cabs | Valuation | Inflection Point Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Snap-E Cabs
Snap-E Cabs has secured backing from 5 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include IP Ventures, ah! Ventures and Shish Kharesiya. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are made in early-stage tech startups across sectors.
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Founded Year | Domain | Location | |
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Fundraising is enabled for startups through an investor connection platform.
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Founded Year | Domain | Location | |
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Shish Kharesiya |
Angel investor and entrepreneur, focused on tech startups in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Snap-E Cabs
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Snap-E Cabs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Snap-E Cabs Comparisons
Competitors of Snap-E Cabs
Snap-E Cabs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BluSmart, Evera Cabs, Eprakriti, Cab-eez and Malbork, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric ride-hailing and cab services are provided via mobile app.
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| domain | founded_year | HQ Location |
Provider of an all-electric cab service
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| domain | founded_year | HQ Location |
Electric car rentals and charging stations are provided by Eprakriti.
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| domain | founded_year | HQ Location |
Operator of a technology platform providing all-electric vehicle cab booking services
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| domain | founded_year | HQ Location |
Electric taxi-hailing services are facilitated via a mobile app platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Snap-E Cabs
Frequently Asked Questions about Snap-E Cabs
When was Snap-E Cabs founded?
Snap-E Cabs was founded in 2021 and raised its 1st funding round 3 years after it was founded.
Where is Snap-E Cabs located?
Snap-E Cabs is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
Who is the current CEO of Snap-E Cabs?
Mayank Bindal is the current CEO of Snap-E Cabs. They have also founded this company.
Is Snap-E Cabs a funded company?
Snap-E Cabs is a funded company, having raised a total of $5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Feb 05, 2024.
How many employees does Snap-E Cabs have?
As of Apr 07, 2024, the latest employee count at Snap-E Cabs is 80.
What is the annual revenue of Snap-E Cabs?
Annual revenue of Snap-E Cabs is $401.43K as on Mar 31, 2023.
What does Snap-E Cabs do?
Snap-E Cabs was founded in 2021 in Kolkata, India, within the electric mobility sector. Company-owned electric vehicles are utilized for commute bookings through a dedicated platform. Services focus on sustainable urban transportation, with the app accessible on both Android and iOS devices. Operations emphasize eco-friendly ridesharing in the region.
Who are the top competitors of Snap-E Cabs?
Snap-E Cabs's top competitors include BluSmart, Evera Cabs and Cab-eez.
Who are Snap-E Cabs's investors?
Snap-E Cabs has 5 investors. Key investors include IP Ventures, ah! Ventures, Shish Kharesiya, Praveen Chand, and Jaspreet Kaur.
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