India, Oct. 13 -- Buy now, pay later (BNPL) startup Snapmint is in advanced talks to raise around $100 Mn (about INR 886Cr) in a new funding round led by General Atlantic, sources told Inc42.

The round will include primary and secondary components, with a few early angel investors likely to partially exit.

Existing investor Prudent Investment Managers will also join the round and will be the second-largest investor after General Atlantic. Elev8 Venture Partners and Kae Capital are also expected to participate in the round, the sources added.

The transaction is likely to take place in two tranches, with nearly 80% of the capital coming from General Atlantic. The round will largely comprise primary capital and is expected to close in the...