Snabbit Raises 56 Million Dollars As Instant Home Services Competition Accelerates In India

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Funding signals rising momentum in instant home services

Snabbit has raised 56 million dollars in a Series D round led by Susquehanna Venture Capital, Mirae Asset Venture Investments Unicorn Growth Fund and Bertelsmann India Investments, with participation from Nexus Venture Partners, Lightspeed and FJ Labs.

The funding values the company between 350 million dollars and 400 million dollars. The capital will support expansion into new cities while strengthening technology and operational capabilities in existing markets.

The round highlights growing investor confidence in India’s fast expanding instant home services segment.

Why this news matters

India’s on demand home services category is entering a scale phase where speed of delivery is becoming the defining differentiator.

According to Morgan Stanley estimates, combined monthly active users across Urban Company, Snabbit and Pronto crossed 10.4 million in March. Snabbit alone accounted for 26 percent of category downloads during the same period.

This signals a rapidly expanding market with multiple strong contenders competing for leadership.

What Snabbit does

Founded in 2024, Snabbit connects users with service professionals for routine household tasks through a hyperlocal delivery model designed for quick response times.

The platform currently operates in Mumbai, Delhi NCR, Pune, Hyderabad and Bengaluru and continues to expand its micro market coverage.

A defining feature of the platform is its women only service professional network, positioning the company as both a services marketplace and an employment generator.

Rapid growth across cities and users

Snabbit now completes more than 40,000 jobs daily, up from just 400 daily jobs a year earlier.

The company has crossed 1 million monthly jobs and operates across 140 micro markets supported by approximately 15,000 service professionals.

It has raised four funding rounds within about 15 months, taking total funding beyond 112 million dollars.

Expansion plans ahead

The company plans to use the latest funding to deepen its presence in current cities while expanding into new markets across India.

As competition intensifies with players like Urban Company and Pronto, execution speed and operational depth are expected to shape the next phase of growth in the category.