Snabbit secures $56M funding as demand for on-demand home services grows in India

Snabbit, an Indian on-demand home services platform, has completed a $56 million funding round, confirming earlier reports.

The Series D round was co-led by Susquehanna Venture Capital, Mirae Asset Venture Investments’ Unicorn Growth Fund, and Bertelsmann India Investments. According to a person familiar with the deal, the funding values the Bengaluru-based company at approximately $350 million, a notable increase from its $180 million valuation around six months ago. Existing investors Nexus Venture Partners and Lightspeed also participated in the round, alongside FJ Labs. With this latest investment, Snabbit’s total funding has reached about $112 million.

Founded in 2024, the company said it is currently handling more than 40,000 service requests per day through a network of over 15,000 workers across five cities. Its platform connects households with service providers for tasks such as cleaning, dishwashing, and laundry, catering to the growing demand for quick, on-demand home services in urban India.

Snabbit also reported improvements in its operational efficiency. The company stated that its per-order losses have been reduced by around 50%, while customer acquisition costs have declined by roughly 65%.

The funding round comes at a time when investor interest in India’s on-demand home services segment is increasing. Rival Pronto is also in discussions to raise new capital, while publicly listed Urban Company has reported more than 1 million monthly bookings, signalling strong demand in the sector.