Snapmint, a Mumbai-based consumer lending platform, has raised $125 million in a funding round led by General Atlantic, with participation from its existing investors Prudent Investment Managers, Kae Capital, Elev8 Venture Partners, and other existing angel investors.
Lex Consult advised Snapmint on the raising funds from Prudent Investment Managers, Kae Capital, Elev8 Venture Partners, and other existing angel investors, and on the secondary transactions involving transfer of shares by existing angel investors.
The transaction team was led by Naresh Pareek (Partner), Khushboo Khanuja (Senior Associate), Associates Riya Trivedi and Vibhor Jain.
SAMVĀD: Partners advised Snapmint on raising funds from General Atlantic.
The transaction team consisted of Natasha Mahajan (Partner), Narayan Gupta (Principal Associate), Pranav Narayan Govind (Senior Associate), and Saranya Reddy (Associate).
Bharucha & Partners advised General Atlantic.
The transaction team was led by Vandana Pai (Senior Partner), and consisted Ayush Jain (Counsel), and Shreya Sreesankar (Senior Associate).
Jerome Merchant + Partners advised the existing investor Prudent Investment Managers.
NKR Law Offices advised the existing investor Kae Capital.
Anoma Legal advised the existing investor Elev8 Venture Partners.
Founded in 2017 by Nalin Agrawal, Anil Gelra, and Abhineet Sawa, all IIT Bombay alumni, Snapmint provides cardless EMI solutions aimed at India’s mass-affluent consumers. Beyond electronics and travel, its users increasingly finance fashion, home, and lifestyle purchases through its platform.
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