Snabbit has raised $56 million in a funding round led by Mirae Asset and SIG. It highlights the rising investor interest and intensifying competition in the instant home services and on-demand marketplace sector.
Snabbit aims to redefine how Indian households access essential services as demand for digital home services platforms rises. The company also aims to strengthen its foothold in the competitive startup ecosystem.
Quick home services startup Snabbit has raised $56 million in a Series D funding round co-led by Susquehanna Venture Capital (SIG), Mirae Asset Venture Investments, and existing backer Unicorn Growth Fund. The round values the company at around $350-400 million.
The company said the fresh capital will be used to expand into new cities, deepen penetration in existing markets, and strengthen its technology and operational infrastructure as it scales up to meet rising demand in the segment. With this, Snabbit’s total capital raised has crossed $112 million.
“We have raised $56 million in Series D round funding, led by SIG, along with Mirae and Bertelsmann. We already have strong investors like Lightspeed, Elevation, and Nexus. Bertelsmann, which led our previous round, is doubling down significantly,” Snabbit Founder and CEO Aayush Agarwal said.
Founded in 2024, Snabbit has emerged as one of the most aggressively funded startups in the category, stitching together four rounds in roughly 15 months. The company raised $5.5 million in January 2025, followed by $19 million in May from Lightspeed and $30 million in October from investors including Elevation Capital, Nexus Venture Partners, and Bertelsmann India Investments.
Snabbit said it is currently delivering more than 40,000 jobs a day—up from 400 a year ago, has crossed 1 million monthly jobs, and operates across 140 micro-markets through a network of 15,000 service professionals.
“There is strong investor backing, but also greater responsibility to build what we believe can be a generational company that changes how Indian households operate. This round gives us more than three years of runway. That includes total capital, not just the raised capital,” Agarwal said.
“We currently live in three major cities, Delhi NCR, Bangalore, and Mumbai, with a smaller presence in Hyderabad and Pune. Over the next 12 months, we aim to have a significant presence in at least the top 10 metro cities in India,” Agarwal said.
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The on-demand services sector has become one of the hottest battlegrounds in Indian consumer internet, with startups racing to lock in neighborhood-level supply and demand before the market matures. A recent Morgan Stanley research note estimated that the combined monthly active users across Urban Company, Snabbit, and Pronto crossed 10.4 million in March.
Urban Company remains the largest player with 6.5 million MAUs, followed by Pronto at 2.7 million and Snabbit at 1.2 million, according to the note. The brokerage also estimated that Snabbit accounted for 26 percent of category app downloads in March, compared with 43 percent for Pronto and 31 percent for Urban Company.
“Right now, I’m particularly excited about home cooks. We have run a successful pilot and are now scaling it, starting with Bangalore. The idea is simple, home-cooked meals by trained experts (not chefs), like how we approached home cleaning as an unsolved problem,” Agarwal said.
“Today, for every 1 mature micro market, there are 7-8 new micro markets being built, which means investments are currently outweighing returns. It will take some time for this equation to turn, as we want to clearly prove the economics of the business and then sustain it over a long period,” Agarwal said.
Snabbit is mainly focusing on building a high-quality, world-class organization and team that can support continued scale.