Aayush Agarwal discusses expansion plans with investors at a conference table.
Quick home services startup Snabbit has secured $56 million in its Series D funding round, co-led by Susquehanna Venture Capital, Mirae Asset Venture Investments, and Bertelsmann India Investments. The round saw participation from existing investors Nexus Venture Partners and Lightspeed Ventures, alongside new backer FJ Labs. This latest funding brings the total capital raised by the two-year-old company to $112 million.
The freshly raised capital is earmarked for extending the company’s operational runway, deepening its market presence, and expanding into new service categories, including home cooks. Snabbit aims to expand its footprint to 250-300 micromarkets within the next 12 to 18 months.
Founded in 2024 by Aayush Agarwal, Snabbit offers on-demand domestic help for tasks such as cleaning and cooking, delivered through its app within 10-15 minutes. The platform is currently operational in Delhi NCR, Mumbai, and Bengaluru, with a presence in Pune and Hyderabad. Agarwal reported a significant scale-up, with daily servicing jobs increasing from 400 at the start of FY26 to approximately 40,000 by the fiscal year’s end, representing a 100x growth.
Snabbit claims an annualized revenue run rate of $35-40 million and has reportedly reduced its burn per order by 50% in the last six months, despite ongoing investments in expansion leading to continued losses.
The company’s strategy focuses on building high density within smaller neighborhood clusters (micromarkets) rather than rapid geographical expansion. This approach aims to improve service professional utilization through shorter travel distances, enhance customer experience with faster turnaround times, and reduce customer acquisition costs via increased repeat usage and a localized network effect.
Snabbit is gradually shifting away from early-stage discounting in scaled markets, with hourly prices in mature micromarkets now ranging from ₹150-200. This funding round occurs amidst increasing competition in the quick home services sector, with companies like Pronto also reporting significant growth and fundraising activity. Urban Company’s quick services vertical, InstaHelp, has also seen substantial order growth, though increased investments have impacted its profitability.
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