Snapcart raises US$3million in quest for Southeast Asian offline retail data
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In a bid to shed light on the offline retail market of Southeast Asia, startup Snapcart has raised US$3 million in pre-Series A funding,
“Southeast Asia is a black hole and brands don’t know what is happening,” explains Snapcart CEO Reynazran Royono.
The new funding round comes after Snapcart raised US$1.7 million in January of 2016. Since then Snapcart has expanded from Indonesia to the Philippines.
Questions & Answers
Q.How much funding has Snapcart raised in total to date?
How much funding has Snapcart raised in total to date?
Snapcart has raised a total of US$4.7 million in funding. This includes US$1.7 million raised in January 2016 and a recent pre-Series A funding round of US$3 million.
Q.Which countries does Snapcart currently operate in?
Which countries does Snapcart currently operate in?
Snapcart expanded its operations from Indonesia to the Philippines after its funding round in January 2016. The article does not mention any other operational countries.
Q.What is the primary goal of Snapcart's business?
What is the primary goal of Snapcart's business?
Snapcart aims to collect and provide data on the offline retail market in Southeast Asia. Its CEO describes this market as a 'black hole' for brands regarding consumer behaviour.