A quick bitIndia’s on-demand home services startup has closed a $56 million funding round, TechCrunch has confirmed. previous report.
The company’s 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 person familiar with the matter. That’s it 180 million dollars about six months ago. Existing investors Nexus Venture Partners and Lightspeed also participated, along with FJ Labs. The company raised a total of about 112 million dollars.
Founded in 2024, Snabbit said it currently processes more than 40,000 jobs daily across a network of more than 15,000 employees across five cities, offering services such as cleaning, dishwashing and laundry, as demand for fast, on-demand home services grows in urban India.
The startup said it has reduced its lost per order by about 50% and its customer acquisition costs by about 65%.
Snabbit’s fundraising comes amid growing investor interest in India’s on-demand home services sector with rival Pronto. is also negotiating to attract new capital and Urban Company, which reports over one million monthly bookings.
