Snapper Future Tech Private Limited is a company that started with a big vision. It was founded in 2017 in Pune, India, with the goal of using blockchain technology to transform businesses digitally. Here’s how it all began.
The founders of Snapper Future Tech had a clear vision from the start. They wanted to use blockchain to create trust and transparency across various industries. In the early days, the company focused on researching and advising governments on blockchain technology. This research laid the groundwork for their future projects[2].
In 2017, after extensive research, the founders decided to launch Snapper Future Tech. The company quickly made a mark by launching the world's first blockchain land records platform in collaboration with the Andhra Pradesh government. This was a significant milestone, demonstrating the potential of blockchain in real-world applications[1].
The founding team of Snapper Future Tech consists of experienced and innovative individuals. Avnish Gupta, one of the co-founders, is also the CEO of Enemtech Capital Inc., a US-based family office that invests in startups. He has over 26 years of industry experience, particularly in supply chain management and oil & gas. Gupta has been instrumental in developing blockchain solutions since 2017.
Another key member is Prashant, who started his entrepreneurial journey at the age of 14. He is a serial entrepreneur in AI and blockchain and has been consulting and helping governments build blockchain solutions since 2015. Prashant is known for his innovative approach and his belief that blockchain is a game-changer for the internet.
Kamlesh Nagware, the Chief Technology Officer, is among the top 30 influencers of blockchain in India. He is the Hyperledger India Co-Chair and a member of the Hyperledger Technical Steering Committee, driving the technical directions of the Hyperledger Foundation.
Snapper Future Tech has come a long way since its inception. From its initial concept to its current state, the company has evolved significantly. Here’s a look at its growth journey.
Initially, Snapper Future Tech focused on blockchain application development, training, and consulting. Over time, the company expanded its services to include a suite of specialized products for e-Governance, Financial Services, Insurance, Sustainable Supply Chain, and Healthcare. This diversification helped the company serve customers across multiple geographies and industries[2].
Today, Snapper Future Tech is recognized as one of the top blockchain development companies in India. It has been recognized by the Ministry of Electronics and IT (MeitY) as one of the promising blockchain startups in the country. This recognition is a testament to the company's innovative work in blockchain technology.
The company has achieved several key milestones. In 2017, it launched the world's first blockchain land records platform with the Andhra Pradesh government. This was followed by raising funding from a US-based family office in 2018. The total funding received was $10 million, which helped the company expand its operations[1].
In 2021, Snapper Future Tech was recognized by the Software Technology Parks of India (STPI) as one of the promising blockchain startups. This recognition came with access to the Apiary Centre of Excellence, which provides mentorship programs, VC funding, and a dedicated blockchain platform[3]).
Snapper Future Tech has a diverse product portfolio. One of its notable products is TraceChain, a solution designed to enhance transparency and efficiency in supply chains. Another product is SnapCert, a blockchain-based authentication and verification SaaS for securing documents[5]).
The company also offers tokenization services for real estate assets, artwork, and loyalty rewards using Ethereum blockchain and Solidity smart contracts. These products demonstrate the company's commitment to innovation and its ability to apply blockchain technology across various sectors[5]).
Snapper Future Tech's technology infrastructure is robust and innovative. Here’s a look at its core platform architecture, security framework, and innovative contributions to the industry.
The company's core platform is built around blockchain technology. It participates in open-source initiatives across the globe and has partnerships with major technology companies like Hyperledger, Oracle, Amazon Web Services, IBM, Trust over IP, and Sovrin. These partnerships enable Snapper Future Tech to leverage the best technologies available[2][3]).
As a Hyperledger Certified Service Provider (HCSP) and Training Partner (HTP), the company ensures that its solutions are aligned with industry standards. This certification underscores the company's commitment to delivering high-quality blockchain services[3]).
Security is a top priority for Snapper Future Tech. The company ensures that information is protected from unauthorized modification, disclosure, and access. It maintains high standards in business ethics, not just for its employees but also for its vendors and partners[2]).
The security framework includes measures to protect information from being modified by unauthorized parties and ensuring that authorized parties can access the information when needed. This robust security framework is essential for maintaining trust and integrity in blockchain-based systems[2]).
Snapper Future Tech is at the forefront of innovation in the blockchain industry. The company's products and services are designed to create significant value for customers. For example, its TraceChain solution offers unmatched asset tracking and authentication, enhancing transparency and efficiency in supply chains[5]).
The company's involvement in open-source initiatives and its partnerships with leading technology firms contribute to the advancement of blockchain technology. Snapper Future Tech's innovative approach and commitment to excellence have made it a leader in the blockchain space[2][3]).
Snapper Future Tech has been making significant waves in the market since its inception in 2017. Here’s a look at how the company has been impacting its user base, market share, and financial inclusion initiatives.
Snapper Future Tech has seen substantial growth in its user base across various industries. The company's innovative blockchain solutions have attracted a diverse range of clients, from e-Governance and Financial Services to Insurance, Sustainable Supply Chain, and Healthcare.
The user base growth can be attributed to the company's ability to provide tailored blockchain solutions. For instance, their TraceChain solution offers unmatched asset tracking and authentication, which is particularly appealing to enterprises looking to enhance transparency and efficiency in their supply chains.
Additionally, Snapper Future Tech's SnapCert, a blockchain-based authentication and verification SaaS, has been widely adopted for securing documents and ensuring the integrity of digital assets. This has helped the company expand its user base significantly.
Snapper Future Tech has been expanding its market share by leveraging its expertise in blockchain technology. The company's participation in open-source initiatives and its robust technological alliances have helped it gain a strong foothold in the market.
The company's market share expansion is also driven by its strategic partnerships. For example, being a Hyperledger Certified Service Provider (HCSP) and Hyperledger Training Partner (HTP) has enabled Snapper Future Tech to tap into a broader market, including collaborations with Hyperledger, Oracle, Amazon Web Services, IBM, Trust over IP, and Sovrin.
Moreover, Snapper Future Tech's innovative products, such as Tokenization for Real Estate assets and Artwork using Ethereum Blockchain, have helped the company penetrate new markets and increase its market share.
Snapper Future Tech has been actively involved in financial inclusion initiatives, particularly through its blockchain solutions. These solutions aim to create trust and transparency, which are crucial for financial inclusion.
The company's blockchain-based solutions, such as SnapCert, help in securing and verifying documents, which is essential for financial transactions. This has facilitated financial inclusion by ensuring the integrity of digital assets and building trust among stakeholders.
Furthermore, Snapper Future Tech's work in tokenization for real estate and other assets has made these assets more accessible to a wider audience, contributing to financial inclusion. This innovation allows for fractional ownership and easier transfer of assets, making them more accessible to people who might not have had access otherwise[10]).
Snapper Future Tech's financial journey has been marked by significant milestones, including revenue growth, profitability challenges, and investment rounds.
Snapper Future Tech experienced a mixed bag in terms of revenue growth. While the company has been successful in securing clients and expanding its services, it faced challenges in maintaining consistent revenue growth.
In the financial year 2021, Snapper Future Tech saw a substantial reduction in revenue, with a 41.63% decrease. However, this decline was part of a broader market trend and did not reflect the company's potential for growth.
Despite the revenue decline, the company's net worth increased significantly, by 113.72%, indicating strong asset growth and potential for future revenue expansion[7]).
Snapper Future Tech faced significant challenges in maintaining profitability. The company's profitability took a hit in recent years, but it is working towards regaining its financial footing.
In the financial year 2021, the company saw an 85.14% decrease in profit. This was largely due to the decrease in revenue and increased operational costs. However, the company is focusing on cost optimization and improving its service offerings to return to profitability[7]).
The company's EBITDA also saw a significant decline, by 99.81%, which highlights the need for strategic financial management to improve profitability[7]).
Snapper Future Tech has secured funding through various investment rounds, which have been crucial for its growth and development.
The company raised Pre-Seed and Seed rounds through Enemtech Capital and other strategic investors. These investments have helped Snapper Future Tech in expanding its services and developing new products[8]).
The company's valuation has seen significant growth, particularly with the increase in its net worth and total assets. The 109.48% increase in total assets is a testament to the company's growth potential and the confidence of its investors[7]).
Snapper Future Tech has forged several strategic partnerships that have been instrumental in its growth and market expansion.
Snapper Future Tech has collaborated with several banking and financial institutions to leverage its blockchain solutions.
The company's partnership with financial services providers has enabled it to develop and implement blockchain solutions that enhance trust and transparency in financial transactions. For example, its work in tokenization and smart contracts has been particularly beneficial in the financial sector[10]).
Additionally, Snapper Future Tech's collaboration with banks has helped in integrating blockchain technology into existing financial systems, making them more secure and efficient[8]).
Snapper Future Tech has also partnered with various merchants to expand its reach and offer more comprehensive services.
These partnerships have allowed the company to implement its blockchain solutions in different industries, such as supply chain management and healthcare. For instance, the TraceChain solution has been adopted by several merchants to enhance supply chain transparency and efficiency[10]).
The company's merchant partnerships have also facilitated the adoption of its SnapCert solution, which helps in securing and verifying documents, a critical need for many businesses[10]).
Snapper Future Tech has formed strong technology alliances that have been pivotal in its growth.
The company is a Hyperledger Certified Service Provider (HCSP) and Hyperledger Training Partner (HTP), which has enabled it to collaborate closely with Hyperledger and other technology giants like Oracle, Amazon Web Services, IBM, Trust over IP, and Sovrin[8]).
These alliances have provided Snapper Future Tech with access to cutting-edge technology and expertise, allowing it to develop innovative blockchain solutions. For example, the company's work with Hyperledger has enabled it to develop robust blockchain applications for various industries[8]).
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