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Snabbit, a quick service app, has raised about ₹265 crore ($31.7 million) in a Series C funding round from global investors including Bertelsmann Nederland B.V., Lightspeed India Partners IV, LLC, Elevation Capital VIII Limited, and Nexus Ventures VII Holdings, LLC.
Snabbit, a hyperlocal on-demand home services app, previously raised $19 million in May in a round led by Lightspeed Venture Partners and $5.5 million in January led by Elevation Capital. The latest round marks the company’s third fundraise this year.
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“We have an ambitious plan to scale, which is why we need this extra capital to launch in new micro markets, cities and also enter new categories,” founder Aayush Agarwal said. “Home cooking as a category is the most natural extension for us, and then we are going to launch child care and elderly care services.”
“This is a hyperlocal business that requires a micro-market strategy. It is important to build depth in a micro market because the more depth you build in a micro market, the more profitable your model gets,” Agarwal added.
This will allow the company to monitor professionals’ behavior on the platform and evaluate their creditworthiness, paving the way to offer loans in partnership with banks or NBFCs, Agarwal said.
About Snabbit
Founded in 2024 by Agarwal, a former Chief of Staff at quick-commerce platform Zepto, Snabbit connects households with trained professionals for tasks like cleaning, dishwashing, and laundry. The professionals are available on demand, typically arriving within 10 minutes, with services billed by the hour.
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Snabbit currently operates in Mumbai, Delhi, and Bengaluru, with Noida and Pune recently added. The platform now handles around 10,000 orders per day.
Snabbit competes with Urban Company’s Insta Help and New Delhi-based Pronto. However, unlike its rivals, neither currently offers services such as cooking, elder care, or childcare.
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