Snabbit, an Indian on-demand home services startup, secured $56 million in a funding round, confirming TechCrunch’s earlier report.
The Series D round, co-led by Susquehanna Venture Capital, Mirae Asset Venture Investments’ Unicorn Growth Fund, and Bertelsmann India Investments, values the Bengaluru-based startup at around $350 million, according to a source. This is an increase from $180 million six months ago. Existing investors Nexus Venture Partners and Lightspeed participated, along with FJ Labs. Snabbit has raised approximately $112 million in total.
Founded in 2024, Snabbit processes over 40,000 jobs daily across more than 15,000 workers in five cities, providing services such as cleaning, dishwashing, and laundry as demand for quick home services rises in urban India.
The startup reported a 50% reduction in losses per order and a 65% decrease in customer acquisition costs.
Snabbit’s fundraising occurs amid growing investor interest in India’s on-demand home services sector, with competitor Pronto also seeking fresh capital and publicly traded Urban Company exceeding one million monthly bookings.