Snapmint Revenue, Valuation, Funding & Investors
Snapmint is valued at $141M as of October 2025, a 8.3x multiple on its last reported $17M revenue.
Last Snapmint valuation
$141M
Secondary · Oct 2025
Last Snapmint funding round
$115M
Series B · Oct 2025
Snapmint revenue
$17M
Secondary · Oct 2025
Key investors in Snapmint
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Prashasta Seth100Unicorns
Kae Capital
Anicut Capital
Negen Capital Services
Prudent Investment Managers
About Snapmint
Snapmint is a fintech platform offering no-credit-card installment plans for consumer electronics and fashion in India. Gurgaon-headquartered since 2019, it approves loans in five minutes via Aadhaar-based KYC, partnering with retailers like Vijay Sales and Croma. Snapmint provides zero-interest EMIs for three months on mobiles from Samsung and Apple, disbursing to over 1,000 stores nationwide.
Founded
2015
HQ
MumbaiWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Revenue
$17M (Oct 2025)
Valuation
$141M (Oct 2025)
Sectors
Snapmint Valuation
Snapmint is currently valued at $141M, based on its secondary sale in October 2025.
Snapmint valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Oct 2025 | Secondary | $141M | 8.3x |
Snapmint Revenue
Snapmint's latest recorded revenue is $17M, as of its secondary sale in October 2025. At a $141M valuation, that implies a 8.3x revenue multiple.
Snapmint revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Oct 2025 | $17M | $141M | 8.3x | Secondary |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Snapmint Funding History
Snapmint has raised a total of $152M across 4 funding rounds, plus 1 secondary share sale.
Snapmint's first fundraising round was a $9M Series A in March 2022. The most recent completed round was a $115M Series B in October 2025.
Snapmint funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2025 | Series B | General Atlantic (lead); Elev8 Venture Partners; Prudent Investment Managers; Kae Capital | $115M | - | Snapmint is a Mumbai-based fintech startup founded in 2017 by IIT-Bombay graduates Nalin Agrawal, Anil Gelra, and Abhineet Sawa that operates India's largest EMI-on-UPI payments platform. The company enables consumers to purchase goods through equated monthly instalments without a credit card, allowing them to buy directly from brand websites rather than through e-commerce marketplaces. Snapmint pioneered EMI on UPI starting in 2020 and has demonstrated strong merchant value, enabling brands to increase sales by 10 to 20 percent according to company statements. In October 2025, Snapmint raised $125 million in a funding round led by US-based private equity firm General Atlantic, with participation from existing investors Prudent Investment Managers, Kae Capital, and Elev8 Venture Partners. Of this total, $115 million was primary capital while $10 million came from secondary sales by angel investors and employees. The company planned to allocate 50 percent of new funds to capitalise its in-house NBFC and the remaining 50 percent to scale business operations and expand its merchant network. As of fiscal year 2025 (ending March 2025), Snapmint reported revenue of Rs 150 crore, with one source citing Rs 158.5 crore for the same period. The company posted a net profit of Rs 10-15 crore in FY25 and was targeting to double revenue in the subsequent fiscal year. Snapmint served more than 7 million monthly active users across 23,000 pin code areas in India and financed approximately 1.5 million purchases monthly, with roughly 25 percent of its customer base classified as new-to-credit consumers without traditional credit history. As of the funding round date, Snapmint had raised $140 million in total funding since its 2017 inception. The company competes in India's buy-now-pay-later segment with players including Fibe and Axio. General Atlantic, which manages approximately $114 billion in assets under management, cited Snapmint's strong value proposition of affordability for consumers and increased sales for merchants as reasons for the investment. |
| Oct 2025 | Secondary | - | $10M | $141M | Snapmint is a Mumbai-based fintech providing no-credit-card EMI payment solutions, including EMI-on-UPI, for online purchases of mobiles, electronics, and home essentials directly from brand websites. It serves over 7 million monthly active users across 23,000 pincodes, financing more than 1.5 million purchases monthly, with EMI transactions surging to over 1 million in September 2025 from 350,000 a year prior. Approximately 25% of customers are new-to-credit, underwritten via non-traditional methods. Snapmint raised $125 million in a Series B round on October 31, 2025, led by General Atlantic, with participation from Prudent Investment Managers, Kae Capital, Elev8 Venture Partners, and existing angel investors. The round included $115 million in primary capital and the remainder as secondary sales by early angel investors and employees. The company valued at $141 million in June 2025, has raised $65 million to $140 million across 18 rounds prior, including $18 million pre-Series B in December 2024 led by Prudent Investment Managers. Snapmint reported revenue from operations of ₹158.5 crore in FY25 (year ending March 2025), up nearly 80% from ₹88.5 crore in FY24, achieving net profit of ₹15 crore versus a ₹33.6 crore loss previously. It plans to deploy funds to capitalize its in-house NBFC, expand merchant network, enhance tech stack, and scale EMI-on-UPI offerings, targeting revenue doubling in the current year. |
| Dec 2024 | Series B | Prashasta Seth (lead); Pegasus FinInvest; Perpetuity Capital | $18M | - | Snapmint is a Mumbai-based consumer lending platform founded in 2017 by IIT Bombay alumni Nalin Agrawal, Anil Gelra, and Abhineet Sawa, offering cardless EMI solutions for mass-affluent consumers in India, focusing on electronics, travel, fashion, home, and lifestyle purchases via direct partnerships with over 1,500 brands like Titan and Ixigo, rather than large e-commerce platforms. The platform serves 7 million monthly active users across 23,000 pincodes, financing 1.5 million purchases monthly through its captive NBFC, with 25% of customers being new-to-credit underwritten via alternative methods. It competes with ZestMoney, LazyPay, Axio, Simpl, and CRED, aiming to reach 100 million consumers. Later, in November 2025, Snapmint raised $125 million in a Series B led by General Atlantic ($115 million primary, rest secondary), with Prudent Investment Managers, Kae Capital, Elev8 Venture Partners, and existing angels; post-round, General Atlantic holds 18.8%. Funds will capitalize the NBFC (50%), expand EMI-on-UPI, merchant network, and lending capacity. For FY25 (ending March 2025), revenue from operations reached ₹158.5 crore, up 80% from ₹88.5 crore in FY24, with net profit of ₹15 crore (from ₹33.6 crore loss); some sources cite ₹150 crore revenue and ₹10 crore profit after tax before ESOP. The company targets doubling revenue in FY26 to ₹300-317 crore. Snapmint emphasizes profitability and unit economics in Tier 2/3 cities via UPI-EMI. |
| Oct 2022 | Series A | Prashasta Seth (lead); Merisis Venture Partners; Prudent Investment Managers; 100Unicorns; Negen Capital Services; Anicut Capital; Kae Capital | $11M | - | Snapmint operates a no-cost EMI and buy-now-pay-later platform targeting Gen Z and Millennial consumers, facilitating purchase-financing transactions primarily in fashion and personal electronics with partners like boAt, Xiaomi, Croma, and Arvind Fashions. The platform processed close to 5 million loans annually and around 120,000 loans the prior year, clocking Rs 150 crore in annual recurring revenue (ARR) with plans to break even by 2025. In October 2022, Snapmint raised around $21 million in an equal mix of equity and debt led by Prashasta Seth of Prudent Investment Managers, with participation from Kae Capital, 100Unicorns, Anicut Capital, and Negen Capital Services. A subsequent $18 million round in debt and equity was also led by Prashasta Seth with contributions from Perpetuity Ventures, Pegasus Fininvest, and existing investors. |
| Mar 2022 | Series A | Prashasta Seth (lead); Ramakant Sharma; Usama Fayyad; 100Unicorns; Negen Capital Services; Anicut Capital | $9M | - | Snapmint is a buy-now-pay-later (BNPL) platform offering no-cost EMI and credit solutions for purchases in electronics, health, home essentials, beauty, technology, and fashion. It operates as an NBFC with the Nimbus digital platform that helps merchants boost sales through customized credit options, partnering with brands like boAt, Xiaomi, Croma, and Arvind Fashions. The platform facilitates over 5 million purchase-financing transactions annually and integrates with shopping portals. In early 2022, Snapmint raised $18 million in a mix of debt and equity led by Prashasta Seth of Prudent Investment Managers, with participation from Perpetuity Ventures, Pegasus Fininvest, 100Unicorns, Anicut Capital, Negen Capital, and others. The funds supported merchant network expansion, balance sheet scaling for disbursements, technology enhancements, and co-lending partnerships with banks. At the time, the platform clocked Rs 150 crore in annual recurring revenue (ARR), up from 120,000 annual loans to nearly 5 million, with plans to break even by 2025. Snapmint has since raised additional capital, including around $21 million in October 2022 from similar investors, bringing total funding to approximately $60-65 million across multiple rounds. |
Who has invested in Snapmint?
13 investors have backed Snapmint across its funding rounds, including Prashasta Seth, 100Unicorns, Kae Capital, Anicut Capital, Negen Capital Services and Prudent Investment Managers.
Lead investors include General Atlantic and Prashasta Seth.
Snapmint Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Prashasta Seth | Mumbai | 3 | Lead | Mar 2022 |
| Mumbai | 2 | Participant | Oct 2022 | |
| India | 2 | Participant | Mar 2022 | |
| Mumbai | 2 | Participant | Mar 2022 | |
| Chennai | 2 | Participant | Mar 2022 | |
| Mumbai | 2 | Participant | Oct 2022 | |
| Ramakant Sharma | Bangalore | 1 | Participant | Mar 2022 |
| Bangalore | 1 | Participant | Oct 2025 | |
| Mumbai | 1 | Participant | Dec 2024 | |
| Merisis Venture Partners | Bangalore | 1 | Participant | Oct 2022 |
 London | 1 | Participant | Mar 2022 | |
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Start Free TrialSnapmint Competitors
Snapmint competitors include listed companies like Humm Group, Beforepay and Butn, and private ones like Yonder, Finture and Uni Cards.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Australia | Publicly listed | $443M | $227M | $142M | 7.3x | |
| London | Private | $1M | - | $134M | - | |
 Singapore | Private | - | - | $76M | - | |
| Bangalore | Private | $19M | - | $350M | 18.4x | |
| Australia | Publicly listed | $36M | $10M | $53M | 1.8x | |
| Australia | Publicly listed | $11M | $4M | $3M | - |
Snapmint Public Comps
Snapmint is still privately-owned, but its public comps include Salafin, Humm Group, LexinFintech, Finance of America, Findep, White River Bancshares, FSA Group, Financiera Confianza, Studio Financial Holdings and X Financial.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $42M | - | 7.4x | 7.7x | - | - | |||
| $443M | $227M | 7.1x | 7.3x | 13.8x | 107.8x | |||
| $2B | $334M | 0.3x | 0.3x | 1.5x | 121.2x | |||
| $412M | $143M | 73.7x | 65.5x | 213.0x | 185.8x | |||
| $289M | - | 1.1x | - | - | - | |||
| $57M | - | 2.8x | - | - | - | |||
| $5M | ($35M) | 182.5x | - | (24.1x) | - | |||
| $156M | - | 1.0x | - | - | - | |||
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Common questions about Snapmint
| When was Snapmint founded? | Snapmint was founded in 2015. |
| Where is Snapmint headquartered? | Snapmint is headquartered in Mumbai, India. |
| Is Snapmint publicly listed? | No, Snapmint is a private, VC-backed company. |
| What is Snapmint's valuation? | Snapmint was last valued at $141M in its secondary sale in October 2025. |
| How much funding has Snapmint raised? | Snapmint has raised $152M across 4 funding rounds. |
| What was Snapmint's last funding round? | Snapmint's last funding round was a $115M Series B in October 2025, led by General Atlantic. |
| Who are Snapmint's investors? | Snapmint's investors include Prashasta Seth, Prudent Investment Managers, 100Unicorns, Negen Capital Services, Anicut Capital, Kae Capital, Ramakant Sharma, Elev8 Venture Partners, Pegasus FinInvest, Merisis Venture Partners and 3 others. |
| What is Snapmint's revenue? | Snapmint's latest recorded revenue is $17M (October 2025). |
| What is Snapmint's revenue multiple? | Snapmint's latest valuation implies a 8.3x revenue multiple ($141M valuation on $17M of revenue). |
| Which companies are comparable to Snapmint? | Companies comparable to Snapmint include Humm Group, Yonder, Finture, Uni Cards, Beforepay and Butn. |
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