Snapmint funding, investors and company details

Snapmint is an emerging Financial Services - Fintech - Lending startup from Mumbai, working in the space of No-cost EMI platform enabling consumers to shop high-value items. Founded by Nalin Agrawal, Anil Gelra, Abhineet Sawa.

Company: Snapmint Credit Advisory Private Limited
Sector: Financial Services - Fintech - Lending
Location: Mumbai
Founders: Nalin Agrawal, Anil Gelra, Abhineet Sawa

Company overview

Snapmint operates India's leading no-cost EMI platform, enabling consumers to shop high-value items like mobiles, electronics, appliances, fashion, and lifestyle products on flexible installments using UPI or debit cards without needing credit cards. Shoppers complete a 5-minute digital process for instant approvals, while merchants integrate via the Nimbus platform to boost conversions, AOV by 20-40%, and GMV through customized EMI options. The model targets new-to-credit users and Gen Z, partnering with 1200+ brands for seamless, paperless BNPL across e-commerce and retail.

Funding rounds

Latest round (Series B): $ 125.00 Mn (₹1,098.88 Cr.), 2025-10-31. Investors: Prudent Investment Managers, Kae Capital, Elv8 Ventures Partners
Past round: $ 18.00 Mn (₹153.99 Cr.), 2024-12-12. Investors: Prashasta Seth, Perpetuity Ventures, Pegasus Fininvest
Past round (Series A): $ 9.00 Mn (₹68.31 Cr.), 2022-03-01. Investors: Prudent Investment Managers