Indonesia-based consumer data provider Snapcart has raised $10m in a series A round featuring subsidiaries of media company Singapore Press Holdings (SPH) and telecommunications firms Globe Telecom, TechCrunch has reported.
Vickers Venture Partners led the round, which included fellow venture capital firms Wavemaker Partners and Social Capital, and co-investment vehicle Endeavor Catalyst, while SPH and Globe invested through their SPH Ventures and Kickstart Ventures units.
Snapcart has created an app that rewards customers with discounts or cashback when they upload photographs of their store receipts, supplying the data to retailers in order to help them gain insights into their businesses.
The company has signed up some 700,000 consumers across Indonesia and the Philippines and serves 75 corporate clients, according to TechCrunch. It will use the series A funds to enter new markets where retail analytics is still relatively underdeveloped.
Snapcart had raised $1.6m from SPH’s Media Fund, Wavemaker Partners, Sinar Mas Digital Ventures (SMDV), which invests on behalf of conglomerate Sinar Mas, and Ardent Capital in a January 2016 pre-series A round, before all four returned for a $3m round in March this year.