SUMMARY
Snabbit has raised $56 Mn (about ₹527 Cr) in its Series D round co-led by Susquehanna Venture Capital, Mirae Asset Venture Investments and Bertelsmann India Investments
Existing investors Nexus Venture Partners and Lightspeed Ventures also participated, along with US-based VC firm FJ Labs as a new backer
The round comes over six months after its Series C funding round, taking total funding raised by the two year old startup to $112 Mn
Quick home services startup Snabbit
has raised $56 Mn (about ₹527 Cr) in its Series D round co-led by Susquehanna Venture Capital, Mirae Asset Venture Investments and Bertelsmann India Investments.
Existing investors Nexus Venture Partners and Lightspeed Ventures also participated, along with US-based VC firm FJ Labs as a new backer. The round comes over six months after its Series C funding round, taking total funding raised by the two year old startup to $112 Mn. The valuation at which the fresh capital was raised couldn’t be discerned
The startup, which offers users a quick home services platform, plans to use the fresh capital to extend the runway, deepen its presence and expand into new service categories.
Founder and CEO Aayush Agarwal told Inc42 that the startup plans to expand to 250-300 micromarkets over the next 12-18 months, while also launching in adjacent high-frequency services. One such category is home cooks.
“We ran a pilot for the last four months… the results have actually been better than the original household pilot,” he said.
As per Agarwal, the quick home services platform has sharply scaled up over the past few months. “From 400 servicing jobs at the beginning of the fiscal year FY26, we closed the fiscal with about 40,000 servicing jobs on a daily basis. We manage to scale a 100X within the year,” he said.
Founded in 2024 by ex-Zepto executive Agarwal, Snabbit offers users trained domestic help for chores like cleaning, cooking, dishwashing, within 10-15 minutes via its app. The app is currently live across Delhi NCR, Mumbai and Bengaluru as well as a smaller presence in Pune and Hyderabad.
The startup claims to be clocking an annualised revenue run rate of about $35-40 Mn, according to Agarwal. While not revealing absolute numbers to evaluate Snabbit’s financial health, the founder claims that the Bengaluru-based startup has been able to cut its burn per order by 50% over the last six months.
However, the startup continues to be loss-making due to aggressive expansion.
Snabbit is taking a different route from many consumer internet startups. Instead of expanding quickly across multiple cities, it is focusing on building high density within smaller neighbourhood clusters, or micromarkets.
This density improves multiple parts of the business at once. Service professionals travel shorter distances between jobs, which increases their utilisation. Faster turnaround times improve customer experience.
At the same time, Agarwal explains that customer acquisition costs fall because repeat usage goes up in areas where the service becomes reliable and visible. Over time, this creates a localised network effect, where both demand and supply reinforce each other within a neighbourhood.
On pricing, Snabbit now is gradually moving away from early-stage discounting in markets where it has achieved scale. In mature micromarkets, where demand is steady and utilisation is high, prices have been increased to around ₹150-200 per hour.
The funding comes at a time when the competitive intensity in the quick home services space is increasing at a swift pace. The startups operating in the category are increasingly borrowing from the quick commerce model, fast fulfilment, high-frequency use cases and dense urban clusters.
A direct comparison is Pronto, which recently raised $25 Mn and has scaled from around 1,000 to over 18,000 daily bookings within seven months. Like Snabbit, it is also focusing on deepening presence within existing cities rather than spreading thin, while investing heavily in hiring and training supply. As per reports, Pronto is also in discussions to raise about $20 Mn at a $200 Mn valuation from investor Lachy Groom.
Although Pronto and Snabbit have been rapidly expanding in the domain, listed consumer services’ unicorn Urban Company has also intensified its focus on the segment over the past few months.
Its quick vertical, InstaHelp, reached about 16.1 Lakh orders in Q3 FY26, more than double of the orders processed in Q2. The net transaction value of the segment also zoomed 178% QoQ to INR 28 Cr.
However, heightened investments in the segment dragged Urban Company into the red in the December quarter.
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