Mumbai-based startup Snabbit, a pioneer in on-demand home services, has successfully raised $19 million in a recent funding round. The investment, led by Lightspeed, marks a significant milestone for the company as it aims to transform the traditionally offline and informal home services sector in India.
Snabbit offers a quick-service app that connects households with trusted professionals for everyday tasks such as cleaning, laundry, and dishwashing. With a focus on hyperlocal services, the startup promises rapid assistance, often within minutes, catering to the fast-paced urban lifestyle.
The funding round also saw participation from existing investors like Elevation Capital and Nexus Venture Partners. This financial boost is expected to fuel Snabbit's expansion into 200 new micro-markets across India, enhancing its reach and impact in untapped regions.
Additionally, the fresh capital will be utilized to strengthen the company’s tech-enabled platform and build a robust team to support its ambitious growth plans. Snabbit aims to simplify urban living by ensuring quality and reliability in home services, a sector long plagued by inconsistency.
The Indian home services market presents a massive opportunity, with increasing demand for convenient and professional solutions. Snabbit’s innovative approach positions it as a frontrunner in addressing this growing consumer need, backed by strong investor confidence.
As Snabbit scales its operations, it continues to redefine how households access essential services, setting a new benchmark for efficiency and customer satisfaction in the industry.
Alfred Lee
