India, Oct. 31 -- BNPL startup Snapmint has raised $125 Mn (around INR 1,100 Cr) in its Series B funding round, led by General Atlantic. The round also saw participation from Prudent Investment Managers, Kae Capital, Elev8 Venture Partners, and a host of existing angel investors.

The funding round was a mix of primary and secondary transactions, with $115 Mn being infused as primary capital and rest as secondary, Snapmint founder Nalin Agrawal told Inc42.

The Navi Mumbai-based startup plans to deploy the fresh capital to grow its merchant network, enhance its tech stack, and grow its EMI-on-UPI offering.

Founded in 2017 by Nalin Agrawal, Anil Gelra, and Abhineet Sawa, Snapmint offers installment-based credit solutions that allow shoppe...