Indian startup Snabbit has raised $56 million in a new funding round, showing strong investor interest in on-demand home services.
The round was led by Susquehanna Venture Capital, Mirae Asset Venture Investments, and Bertelsmann India Investments. After this funding, the Bengaluru-based company is now valued at around $350 million. Just six months ago, its value was about $180 million, which shows how quickly it is growing.
Other investors like Nexus Venture Partners, Lightspeed, and FJ Labs also joined the round. So far, Snabbit has raised a total of $112 million.
Started in 2024, Snabbit is growing fast. The company now handles more than 40,000 service orders every day. It works with over 15,000 workers across five cities, offering services like cleaning, dishwashing, and laundry.
The company is also improving its business performance. It says its losses per order have dropped by about 50%, and the cost to get new customers has gone down by around 65%.
Snabbit’s growth comes at a time when demand for quick home services is rising in big cities. At the same time, competitors like Pronto are also trying to raise funds, while Urban Company is reporting more than one million bookings every month.
