Snabbit, an Indian on-demand home services startup, has closed a $56 million funding round, confirming TechCrunch’s earlier report.
Co-led by Susquehanna Venture Capital, Mirae Asset Venture Investments’ Unicorn Growth Fund, and Bertelsmann India Investments, the company’s Series D round values the Bengaluru-based startup at around $350 million, according to a person familiar with the matter. That’s up from $180 million about six months ago. Existing investors Nexus Venture Partners and Lightspeed also participated, alongside FJ Labs. The company has raised about $112 million in total.
Founded in 2024, Snabbit said it is now processing over 40,000 jobs daily across a network of more than 15,000 workers in five cities, offering services such as cleaning, dishwashing, and laundry as demand for rapid, on-demand home services grows in urban India.
The startup said the amount it loses on each order has fallen about 50%, while its customer acquisition costs have shrunk roughly 65%.
Snabbit’s fundraise comes as investor interest in India’s on-demand home services sector heats up, with rival Pronto also in talks to raise fresh capital and publicly traded Urban Company reporting more than one million monthly bookings.
India’s Snabbit closes $56M round as investor interest in on-demand home services heats up | TechCrunch NYT News Today.
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