Indonesian startup Snapcart bags $3M in Pre-Series A round
Reynazran Royono, Founder and CEO, Snapcart revealed to a leading publication that Snapcart is disrupting the way market research is traditionally done, especially in the brick-and-mortar stores which contribute over 95 per cent of total grocery sales.
In January 2016, the startup landed $1.7 million in funding from Wavemakers Partners, SPH Media Fund, SMDV (Sinar Mas Digital Ventures), and Ardent Capital. What stands out is the quick popularity of this app. Within two weeks of its launch, Snapcart had claimed that its mobile app was downloaded by more than 10,000 users. And now, its sports a total user base of about 1 million on Google Play. Currently, Snapcart operates in two countries, Indonesia and Philippines and has collaborated with over 75 brands. The company has opened a business development office in Singapore, where it plans to drive its focus largely along with client acquisition.