About SnapWork
SnapWork is a company based in Mumbai (India) founded in 2009 by Salil Chandrashekar and Deepak Nihalani.. SnapWork has raised $7.85 million across 1 funding round from investors including Bajaj Finserv. The company has 187 employees as of April 03, 2024. SnapWork operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA, among others.
- Headquarter Mumbai, India
- Employees 187 as on 03 Apr, 2024
- Founders Salil Chandrashekar, Deepak Nihalani
- Stage Minicorn
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Sectors
Business ServicesTechnology
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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 Snapwork Technologies Private Limited
- Date of Incorporation 24 Sep, 2008
- Jurisdiction Navi Mumbai, Maharashtra, India
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Annual Revenue
$5.36 M (USD)32.15as on Mar 31, 2023
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Net Profit
$870.99 K (USD)40as on Mar 31, 2023
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EBITDA
$1.15 M (USD)5.85as on Mar 31, 2023
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Total Equity Funding
$7.85 M (USD)
in 1 rounds
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Latest Funding Round
$7.85 M (USD), Seed
Nov 26, 2022
- Investors
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Employee Count
187
as on Apr 03, 2024
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Funding Insights of SnapWork
SnapWork has successfully raised a total of $7.85M through 1 strategic funding round. The most recent funding activity was a Seed round of $7.85 million completed in November 2022. 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 1
- Last Round Seed — $7.9M
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First Round
First Round
(26 Nov 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2022 | Amount | Seed - SnapWork | Valuation |
investors |
| 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 |
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Investors in SnapWork
SnapWork has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Bajaj Finserv. 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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Financial solutions including loans and insurance are offered.
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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 SnapWork
| 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 - SnapWork
| 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 |
Snapwork Comparisons
Competitors of SnapWork
SnapWork 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 UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA, 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 |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
IT outsourcing services are delivered across multiple business lines.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| domain | founded_year | HQ Location |
Multi-access edge networking computing platform is provided for mobile services.
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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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Frequently Asked Questions about SnapWork
When was SnapWork founded?
SnapWork was founded in 2009 and raised its 1st funding round 13 years after it was founded.
Where is SnapWork located?
SnapWork is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is SnapWork a funded company?
SnapWork is a funded company, having raised a total of $7.85M across 1 funding round to date. The company's 1st funding round was a Seed of $7.85M, raised on Nov 26, 2022.
How many employees does SnapWork have?
As of Apr 03, 2024, the latest employee count at SnapWork is 187.
What is the annual revenue of SnapWork?
Annual revenue of SnapWork is $5.36M as on Mar 31, 2023.
What does SnapWork do?
Provider of IT suite services. It offers a wide range of services like mobile application, agile cloud native development, UIUX design, cloud, DevOps, and digital transformation to leading financial and insurance enterprises. It focuses on user-centric research, refined interface design, process efficiency, and advanced development to support its clients strategic goals.
Who are the top competitors of SnapWork?
SnapWork's top competitors include Happiest Minds, Mavenir and GirnarSOFT.
Who are SnapWork's investors?
SnapWork has 1 investor. Key investors include Bajaj Finserv.
What is SnapWork's valuation?
The valuation of SnapWork is $28.39M as of Nov 2022.