The Week that Was: Indian Startup News Overview (26th October- 1st November)
Funding News: Snapmint Raises $125 Milloin to Expand EMI-on-UPI Platform
Startup: Snapmint
Founders: Nalin Agrawal, Anil Gelra, and Abhineet Sawa
About us: Snapmint is India’s leading EMI payment and e-commerce app, empowering young, aspirational shoppers to buy now and pay later with zero-cost EMIs. Founded by IIT Bombay alumni and headquartered in Mumbai, it offers easy credit access to millions, especially those without credit cards. With 50+ million app downloads and partnerships with top brands, Snapmint makes shopping seamless, affordable, and transparent.
Founded Year: 2017
Office: Navi Mumbai, Maharashtra
Sector: Financial Services
Funding Round: Series B
Investors: General Atlantic
Buy-now-pay-later (BNPL) startup Snapmint has raised $125 million in its Series B round led by global growth equity firm General Atlantic, with participation from Prudent Investment Managers, Kae Capital, Elev8 Venture Partners, and existing angel investors. The fresh capital will be used to expand its EMI-on-UPI service and strengthen its merchant network across India.
Website: https://www.snapmintbusiness.com/
