India-based on-demand home services startup Snabbit has secured $56 million in a new funding round, reinforcing growing investor interest in the sector.
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Strong Valuation Growth
The Series D round values the Bengaluru-based company at დაახლოებით $350 million, nearly doubling from its $180 million valuation just six months ago.
Key Investors Back the Round
The funding was co-led by Susquehanna Venture Capital, Mirae Asset Venture Investments’ Unicorn Growth Fund, and Bertelsmann India Investments. Existing investors including Nexus Venture Partners, Lightspeed, and FJ Labs also participated. Snabbit has now raised a total of about $112 million.
Rapid Expansion Since 2024 Launch
Founded in 2024, Snabbit has scaled quickly. The platform now handles over 40,000 jobs ежедневно across five cities, supported by a workforce of more than 15,000 service providers. Its offerings include cleaning, dishwashing, and laundry services.
Improving Unit Economics
The company reports significant efficiency gains, cutting losses per order by around 50% and reducing customer acquisition costs by approximately 65%.
Rising Demand for On-Demand Home Services
Snabbit’s growth comes amid increasing demand for quick, reliable home services in urban India, where convenience-driven solutions are gaining traction.
Competitive Landscape Heats Up
The sector is becoming more competitive, with rival startup Pronto seeking new funding and Urban Company—already publicly listed—reporting over one million monthly bookings.
