PE Fund Investments
Fintech startup Snapmint raises $21-M
Mumbai-based fintech startup Snapmint has raised USD 21 million (INR 160 crore), in an equal mix of equity and debt from existing investors as well as institutional investors. The funding round was led by Prashasta Seth (Prudent Investment Managers CEO and CIO) and saw participation from Kae Capital, 9 Unicorns, Anicut Capital and Negen Capital. The participants in the debt funding round - via non-convertible debentures - included Northern Arc Capital and high net-worth individuals. The ‘Buy-now-pay-later' model focussed Snapmint intends to use the funds to expand its merchant network both online and offline.
From the Venture Intelligence PE-VC Deal Database: Between Nov 17 and Mar 22, Snapmint had raised over USD 12 M from Kae Capital, Anicut Capital, Secocha Ventures and others (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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