Try GOLD - Free
Snapmint secures $125 million from new funding round
Mint Kolkata
|November 01, 2025
Consumer lending platform Snapmint has raised $125 million in a new funding round led by General Atlantic, with participation from Prudent Investment Managers, Kae Capital, Elev8 Venture Partners, and existing angel investors, the company said in a statement.
Mint was the first to report on 13 October that Snapmint was in talks to raise around $100 million in a multi-tranche funding.
The company’s founder Nalin Agarwal on Friday said the funding round would comprise $115 million in primary capital and the rest in secondary, which would provide exits to a few early-stage angel investors.
He also said the transaction will close over the next two to three months. “The capital will be used to expand our merchant base, enhance our technology, and scale our EMI-on-UPI offering, which is a large opportunity,” he said.
This story is from the November 01, 2025 edition of Mint Kolkata.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Kolkata
Mint Kolkata
Cash flow concerns remain for Kaynes
Electronics manufacturer Kaynes Technology has pushed back its target of turning net cash positive to the end of the current fiscal year, after missing its guidance given last quarter to generate free cash flow by the end of September.
2 mins
November 06, 2025
Mint Kolkata
How Delhi Crime set the bar for cop shows
With its third season looming, Mint speaks to the stars and creators of the Netflix show, whose gritty tone has been imitated but not bettered
4 mins
November 06, 2025
Mint Kolkata
IndiGo preps for long haul even as rupee decline drags Q2
Interglobe Aviation Ltd’s (IndiGo) September quarter (Q2FY26) revenue grew 9% year-on-year, aided by optimized capacity addition, more passengers, and a better yield (a pricing metric).
1 mins
November 06, 2025
Mint Kolkata
A Jan Van plan could use fintech to democratize carbon trading
Catalyse climate action through mass participation in emission reduction by opening up the market for carbon credits to all
3 mins
November 06, 2025
Mint Kolkata
China ends levies on US farm goods, halts export curbs on firms
China announced it will remove retaliatory tariffs on some US farm products and lift export controls on an array of American firms, after Washington halved its fentanyl-related levies on Chinese goods.
2 mins
November 06, 2025
Mint Kolkata
WILL FLIPKART'S BET ON GEN Z FASHION PAY OFF?
The e-commerce giant has seen its market share in fashion wear contract amid the rise of rivals Meesho and Ajio
8 mins
November 06, 2025
Mint Kolkata
Public capex focus shifts to real outcomes from scale
AI-driven tools and data analytics to help Centre monitor the progress of infra projects
2 mins
November 06, 2025
Mint Kolkata
India could be AI’s biggest bet: It has hordes of early adopters
The country’s multitudes could make excellent use of AI enablers
3 mins
November 06, 2025
Mint Kolkata
How China’s chokehold on drugs, chips and more threatens the U.S.
Not just rare earths. Three products show how Beijing’s supply-chain control can impose pain on trading partners
4 mins
November 06, 2025
Mint Kolkata
Titan bets on wedding season to sustain festive sales boost
Titan Co. Ltd, the country’s largest jewellery retailer by revenue, expects sales momentum to continue into the wedding season after a strong festive demand boosted its second-quarter earnings despite elevated gold prices.
2 mins
November 06, 2025
Listen
Translate
Change font size