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| AH Ventures invests in the USD 2.5 MN Bridge Round of its portfolio company Snap-E Cabs through its fund |
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| AH Ventures invests in the USD 2.5 MN Bridge Round of its portfolio company Snap-E Cabs through its Fund. The bridge round is led by Inflection Point Ventures. AH Ventures has done 274 investments in 148 startups till date taking its total investment portfolio to INR 492 CR (~62 MN USD) with 23 exits and 59 follow on rounds. 39 investments have happened through all three platforms and the fund in 2025. |
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| The Kolkata-based startup plans to deploy the fresh capital for product development, leasing more EV cars, and enhancing its operations in Delhi NCR. |
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| Founded by Mayank Bindal and Mahendra Bindal in 2022, Snap-E Cabs is a subsidiary of Steelman Telecom Limited. It offers ride-hailing services by deploying electric cars and also leases its cars to fleet operators. The startup claims to operate 1,112 EV cars currently, up from about 500 in late 2024. It also operates its own EV charging infrastructure. |
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| Last year, Snap-E Cabs raised $2.5 Mn in its pre-Series A funding round from AH Ventures Fund, Inflection Point Ventures and others. Following this, the startup entered the Delhi market through a strategic partnership with Rapido. As part of this partnership, the startup deployed 200 cars in the last 3 months. |
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| “Over the next 12 months, we’re adding another 1,000 cars, not to chase growth metrics, but to meet a very real supply gap left open in the market. Our focus shifts from a demand aggregation to a supply-led infrastructure model (that) empowers other demand aggregators, enhances utilisation, and de-risks margins,” CEO Bindal said. |
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| The startup owns 100% of its EV fleet and has an exclusive hub of charging point operators (CPO). It is currently operational in Kolkata and Delhi NCR and has more than 1.2 Mn paying users. Snap-E Cabs claims to have achieved EBITDA profitability in January 2025. |
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| AH Ventures is one of the world's largest fundraising platform for early stage startups raising up to 10 MN USD. AH Ventures has three platforms: First Gear, which helps startups raise upto INR 1 CR (~USD 150K), Angel Platform, which helps startups raise upto 1 MN USD and High Tables Platform, which helps startups raise 1-10 MN USD. Today ah! First Gear, Angel and High Tables platforms have over 70000+ entreprenurs, 6000+ seed/angel investors and over 1000 VCs & institutional investors registered with it. ah! First Gear, Angel and High Tables platforms till date have invested INR 479 CR (~59 MN USD) in 145 startups & 264 investments and have announced 22 exits & 59 follow on rounds. |
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| Contact: Abhijeet Kumar, abhijeet@ahventures.in
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