What is Snapcart?
Established in 2015 and based in Indonesia, Snapcart operates a mobile application that provides shoppers with cashback incentives for scanning their receipts. This process allows the company to collect extensive purchase data, which is then analyzed and offered to brands in real-time. Snapcart's business model leverages this rich dataset to provide valuable market insights, positioning it as a key player in the retail analytics space.
How much funding has Snapcart raised?
Snapcart has raised a total of $14.7M across 4 funding rounds:
Other Financing Round
$1.7M
Other Financing Round
$50K
Other Financing Round
$3M
Series A
$10M
Other Financing Round (2016): $1.7M with participation from Smdv, SPH Media Fund, and Ardent Capital
Other Financing Round (2016): $50K led by Google Launchpad Accelerator
Other Financing Round (2017): $3M supported by Vickers Venture Partners and SPH Media Fund
Series A (2017): $10M featuring Vickers Venture Partners, Endeavor Catalysts, SPH Media Fund, Social Capital, Kickstart Ventures, and Wavemaker Partners
Key Investors in Snapcart
Vickers Venture Partners
Vickers Venture Partners is a global venture capital firm with a focus on deep tech investments worldwide, known for backing companies that have achieved significant market capitalization.
SPH Media Fund
SPH Media Fund is the corporate venture capital arm of Singapore Press Holdings Ltd, investing in early-stage digital media and consumer internet companies.
Social Capital
Social Capital is an investment firm dedicated to solving the world's hardest problems by empowering entrepreneurs and investing in companies that aim to improve global opportunities.
What's next for Snapcart?
With its recent major strategic investment and substantial total funding, Snapcart is poised for accelerated growth. The company is likely to focus on enhancing its data analytics capabilities, expanding its reach within the Southeast Asian market, and forging deeper partnerships with brands seeking granular consumer insights. This capital injection will support scaling operations, technological advancements, and potentially new service offerings within the dynamic retail technology landscape.
See full Snapcart company page
