"India's appetite for instant convenience - once confined to food and grocery delivery - is expanding into house help. That shift has helped Snabbit, an on-demand home-help startup, secure $30 million in new funding and lift its valuation to $180 million, up from $80 million five months ago. The all-equity Series C round - Snabbit's third fundraise in nine months - was led by Bertelsmann India Investments, with participation from existing backers Lightspeed, Elevation Capital, and Nexus Venture Partners."
"The latest infusion brings the startup's total funding to $55 million. Snabbit's fresh funding follows a sharp rise in activity, with the Bengaluru-based startup growing from about 1,000 jobs a day in May to more than 10,000 daily bookings. The company crossed 300,000 total orders in October, founder and CEO Aayush Agarwal said in an interview with TechCrunch. Founded in 2024, Snabbit offers a range of on-demand home services for urban households, including cleaning, dishwashing, laundry."
"and kitchen prep through a 100% women-led fleet of 5,000 experts. The startup operates through a hyperlocal network of trained workers stationed around dense residential clusters, promising service within 10 minutes. Currently, Snabbit serves 40 micro markets across five major cities, namely Mumbai, Bengaluru, Gurugram, Noida, and Pune. It plans to expand its presence in these cities and enter Hyderabad, Chennai, Delhi, and Calcutta very soon, Agarwal told TechCrunch."
Snabbit closed a $30 million all-equity Series C, lifting valuation to $180 million and bringing total funding to $55 million. Funding was led by Bertelsmann India Investments with participation from Lightspeed, Elevation Capital, and Nexus Venture Partners. Daily bookings surged from about 1,000 in May to over 10,000, and the company crossed 300,000 total orders in October. Founded in 2024, Snabbit provides cleaning, dishwashing, laundry, and kitchen prep via a 100% women-led fleet of 5,000 experts. The service uses a hyperlocal network to promise service within 10 minutes across multiple Indian micro markets and cities, with further expansion planned.
Read at TechCrunch
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