About Snapmint
Snapmint is a company based in Mumbai (India) founded in 2015 by Sanket Sushilkumar Parekh.. Snapmint has raised $179.98 million across 19 funding rounds from investors including Dezerv, Northern Arc Capital and LetsVenture. The company has 158 employees as of March 29, 2024. Snapmint offers products and services including EMI Payment Service and Merchant EMI Solution. Snapmint operates in a competitive market with competitors including axio, ZestMoney, Simpl, PayJoy and Lazypay, among others.
- Headquarter Mumbai, India
- Employees 158 as on 29 Mar, 2024
- Founders Sanket Sushilkumar Parekh
- Stage Minicorn
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Sectors
Financial ServicesRetail
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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 Snapmint Credit Advisory Private Limited
- Jurisdiction Thane, Maharashtra, India
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Annual Revenue
$7.2 M (USD)82.32as on Mar 31, 2023
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Net Profit
$-3.63 M (USD)-202.88as on Mar 31, 2023
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EBITDA
$-4.51 M (USD)-89.57as on Mar 31, 2023
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Total Equity Funding
$179.98 M (USD)
in 19 rounds
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Latest Funding Round
$115 M (USD), Series B
Oct 31, 2025
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Investors
Dezerv
& 149 more
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Employee Count
158
as on Mar 29, 2024
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Products & Services of Snapmint
Snapmint offers a comprehensive portfolio of products and services, including EMI Payment Service and Merchant EMI Solution. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables zero-interest installment payments for online purchases
Facilitates EMI partnerships for stores selling electronics and appliances
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Funding Insights of Snapmint
Snapmint has successfully raised a total of $179.98M across 19 strategic funding rounds. The most recent funding activity was a Series B round of $115 million completed in October 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 19
- Last Round Series B — $115.0M
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First Round
First Round
(20 Nov 2017)
- Investors Count 150
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2025 | Amount | Series B - Snapmint | Valuation | General Atlantic | |
| Oct, 2025 | Amount | Series A - Snapmint | Valuation | Elev8 |
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| Dec, 2024 | Amount | Debt – Conventional - Snapmint | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 Snapmint
Snapmint has secured backing from 150 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Dezerv, Northern Arc Capital and LetsVenture. 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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Early-stage investments are targeted at healthcare, fintech, and education sectors.
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Founded Year | Domain | Location | |
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Investment in high-growth startups and angel funding services in India.
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Founded Year | Domain | Location | |
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Early-stage investing in 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 Snapmint
| 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 - Snapmint
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Snapmint Comparisons
Competitors of Snapmint
Snapmint 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 axio, ZestMoney, Simpl, PayJoy and Lazypay, 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 |
An online lending platform for point-of-sale financing is provided.
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| domain | founded_year | HQ Location |
Online platform offering point-of-sale financing
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| domain | founded_year | HQ Location |
An online platform for purchase financing is provided by Simpl.
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| domain | founded_year | HQ Location |
Online platform for purchase financing
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| domain | founded_year | HQ Location |
Provider of digital payment solutions, including deferred payment and personal loans
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Snapmint
Frequently Asked Questions about Snapmint
When was Snapmint founded?
Snapmint was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Snapmint located?
Snapmint is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Snapmint a funded company?
Snapmint is a funded company, having raised a total of $179.98M across 19 funding rounds to date.
How many employees does Snapmint have?
As of Mar 29, 2024, the latest employee count at Snapmint is 158.
What is the annual revenue of Snapmint?
Annual revenue of Snapmint is $7.2M as on Mar 31, 2023.
What does Snapmint do?
Snapmint was founded in 2015 in Mumbai, India, as a fintech provider specializing in EMI payment options that do not require credit cards. Installment plans are offered for electronics, appliances, and fashion items through partnerships with online retailers. These services are extended to both consumers and businesses, allowing access to a range of goods via the snapmint.com platform across India.
Who are the top competitors of Snapmint?
What products or services does Snapmint offer?
Snapmint offers EMI Payment Service and Merchant EMI Solution.
Who are Snapmint's investors?
Snapmint has 150 investors. Key investors include Dezerv, Northern Arc Capital, LetsVenture, General Atlantic, and Kae Capital.
What is Snapmint's valuation?
The valuation of Snapmint is $29.18M as of Jan 2022.
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