In negotiations to raise $100 million in a round headed by General Atlantic, Snapmint

Snapmint is in advanced negotiations with General Atlantic to raise around $100 million, or INR 886 crore, in a fresh investment round. There will be primary and secondary components to the financing, and some early angel investors may partially withdraw. A few early angel investors are probably going to partially depart the round, which will have both primary and secondary components.Mumbai: According to four persons with knowledge of the situation, consumer lending platform Snapmint is currently gathering $100 million in a funding round headed by General Atlantic and involving current backers Elev8 Venture Partners and Kae Capital.Snapmint is in advanced negotiations with General Atlantic to raise around $100 million, or INR 886 crore, in a fresh investment round.

There will be primary and secondary components to the financing, and some early angel investors may partially withdraw.is in advanced discussions to raise over $100 million (roughly INR 886 crore) in a fresh investment round headed by General Atlantic, according to sources.