Snap It
Supplying plumbing products via on demand instant delivery in London with a software that calculates and optimizes distances and location of suppliers closest to the buyers.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
* | £2.1m | Seed | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Snap It is a startup that specializes in the rapid delivery of spare parts and fittings for tradespeople. Operating primarily in the logistics and supply chain market, Snap It serves professionals such as plumbers, electricians, and HVAC technicians who require quick access to parts to complete their jobs efficiently. The business model revolves around a mobile app where tradespeople can place orders, which are then sent to the nearest merchant. Merchants accept these orders via a Snap It tablet, prepare the items, and a courier partner collects and delivers the order to the tradesperson, often within 30 minutes.
Snap It generates revenue through transaction fees charged to merchants and possibly a delivery fee to the tradespeople. The company aims to increase the productivity of its clients by reducing the time they spend on supply runs, thereby allowing them to focus more on their customers and increase their billable hours. The service is particularly valuable in emergency situations where quick access to parts is crucial.
Keywords: spare parts, tradespeople, rapid delivery, mobile app, logistics, supply chain, merchants, couriers, billable hours, emergency service.