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Indonesia's Snapcart raises $10 million for overseas expansion

Receipt analytics startup aims to enter three new markets

An Alfamart convenience store in the outskirts of Jakarta. Snapcart gives users small amounts of electronic money in exchange for photos of receipts that they send through the app. (Photo by Wataru Suzuki)

JAKARTA -- Snapcart, an Indonesian marketing research startup that analyzes data from receipts, said Thursday that it had raised $10 million from new and existing investors as it gears up for overseas expansion.

The round was led by Singapore-based Vickers Venture Partners, and included funding from Social Capital, Kickstart Ventures and Endeavor Catalysts. Existing investors Wavemaker Partners and SPH Ventures also participated.

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