"Snabbit has closed a $56 million funding round, confirming its valuation at around $350 million, up from $180 million six months ago."
"The startup processes over 40,000 jobs daily across a network of more than 15,000 workers in five cities, offering services such as cleaning and laundry."
"The amount Snabbit loses on each order has fallen about 50%, while its customer acquisition costs have shrunk roughly 65%."
"Investor interest in India's on-demand home services sector is increasing, with rivals like Pronto also seeking fresh capital."
Snabbit, an Indian on-demand home services startup, has secured $56 million in a Series D funding round, raising its valuation to approximately $350 million. The company, founded in 2024, processes over 40,000 jobs daily with a workforce of more than 15,000 across five cities. It offers services like cleaning and laundry. Snabbit has reduced its losses per order by 50% and customer acquisition costs by 65%. The funding reflects growing investor interest in India's on-demand home services market.
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