Snapbizz

Snapbizz is a technology company specializing in cloud-connected point-of-sale (POS) solutions tailored for small retail businesses, enhancing operational efficiency and customer engagement. Founded in 2013 in Singapore, Snapbizz develops solutions for small retail shops, including kirana stores and general stores. The company was co-founded by Prem Kumar, who has a history of entrepreneurship. In June 2021, Snapbizz raised USD 2.

92 mn in Series A funding, valuing the company at USD 21. 68 mn post-money, with notable investors including Jungle Ventures and Nielsen Innovate. The company's total number of deals amounts to 4. SnapBizz provides a cloud-connected point-of-sale (POS) system designed to optimize operations for small retail businesses.

The solution allows store owners to manage inventory, streamline billing processes, and enhance customer engagement through a user-friendly interface. Primarily focused on the Indian market, the technology is adaptable for future expansion into other emerging markets with significant small retail operations. In the most recent fiscal year 2022, Snapbizz reported revenue of USD 1,002,483 and an EBITDA of USD -517,865. Revenue is generated primarily through a subscription model for its POS solutions, where small retailers pay to access the software and hardware services that facilitate transactions and operational management.

Snapbizz intends to leverage its recent Series A funding of USD 2. 92 mn raised in June 2021 to expand its product offerings and enter new markets. Plans include launching new features for its POS system aimed at enhancing analytics and supply chain management capabilities. The company is also exploring geographical expansion beyond India into other emerging markets by 2023, intending to capture the growing retail sector in these regions.