technology
Indian Startup Snabbit Raises $56 Million in Series D Funding Round
Snabbit, an Indian on-demand home services startup, has secured $56 million in a Series D funding round led by several investors. The funding values the company at approximately $350 million, an increase from $180 million six months prior. The company reported improvements in operational metrics and operates in five cities.
Apr 27, 11:31 PM·1m read1 source
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Snabbit, a Bengaluru-based startup providing on-demand home services, announced the closure of a $56 million Series D funding round, as reported by TechCrunch. The round was co-led by Susquehanna Venture Capital, Mirae Asset Venture Investments’ Unicorn Growth Fund, and Bertelsmann India Investments. Existing investors Nexus Venture Partners and Lightspeed participated, along with FJ Labs.
The funding values Snabbit at around $350 million, according to a person familiar with the matter cited by TechCrunch. This represents an increase from a valuation of $180 million about six months ago. With this round, the company has raised a total of approximately $112 million since its founding.
Founded in 2024, Snabbit offers services including cleaning, dishwashing, and laundry. It operates in five cities with a network of more than 15,000 workers and processes over 40,000 jobs daily.
reported that losses on each order have decreased by about 50 percent. Customer acquisition costs have also fallen by roughly 65 percent. The funding occurs amid activity in India's on-demand home services sector. Rival startup Pronto is in talks to raise fresh capital, and publicly traded Urban Company reported more than one million monthly bookings.
