Company Name : SnapBizz
Funding Amount : Undisclosed
Investor(s) Ratan Tata
Funding Round : Not Disclosed
Bangalore based retail tech startup SnapBizz has raised undisclosed funding from Ratan Tata, Chairman Emeritus, Tata Sons.
In January 2016, SnapBizz had announced a Series A funding of $7.2 million led by Jungle Ventures, Taurus Value creation, Konly Venture and Blume Ventures.
SnapBizz currently works with over a thousand kirana stores across Mumbai, Pune, Delhi, Hyderabad, Chennai and Bangalore and aims to expand its footprint across other tier 1 and 2 cities.
“We are privileged to have Mr. Tata as an investor at SnapBizz. As one of the most respected names in corporate India, Mr. Tata brings a rich legacy of doing business with a human touch. This reflects in his investment in SnapBizz as we have begun a humble journey of reverse marginalisation of SMB’s and driving digital inclusion in the large consumer goods industry. A visionary of Mr. Tata’s stature showing confidence in SnapBizz is certainly a big boost for our business idea and will continue to accelerate the digital revolution in India’s kirana stores. Brands are also seeing this an opportunity to partner with us in order to be a well wisher of the retailers ?and get the share of mind of the retailer to appropriate the positioning as the company that cares for the retailers,” said Prem Kumar, CEO and founder, SnapBizz.
Snapbizz solutions are designed and developed with an in-depth understanding of business process of the kirana store that is reflected in its simplicity and ease of use.