India’s fast-growing on-demand home services sector has received a major boost as Snabbit, a Bengaluru-based startup, secured $56 million (≈ ₹530 crore) in a fresh Series D funding round. The investment highlights rising investor confidence in digitising India’s largely informal household services market.
Strong investor backing
The funding round was co-led by Susquehanna Venture Capital and Mirae Asset Venture Investments, with Bertelsmann India Investments increasing its stake. Existing investors such as Nexus Venture Partners, Lightspeed, and Elevation Capital also participated, along with new investor FJ Labs.
Valuation surge and funding momentum
With this round, Snabbit’s total funding has crossed $112 million, and its valuation has climbed to around $350–360 million, nearly doubling from its previous round.
What Snabbit does
Snabbit operates in the emerging “instant home services” segment, offering on-demand household help such as cleaning, dishwashing, and cooking—often within minutes. Services are priced affordably, starting at around ₹169 per hour, targeting urban households seeking convenience and reliability.
Expansion and future plans
The startup plans to use the newly raised capital to:
- Expand into new cities and neighbourhood clusters
- Strengthen its technology and operations
- Improve service reliability and response time
- Explore new categories such as home cooking services
Growing competition in the sector
The funding comes amid intensifying competition in India’s home services market, where startups are racing to build quick, app-based service models similar to quick commerce. Companies are investing heavily to capture market share in a sector that remains largely unorganised but has massive growth potential.
Market opportunity
India’s household services market is estimated to be worth $60 billion and growing, with less than 1% currently digitised—leaving significant room for startups like Snabbit to scale rapidly.
Key takeaway
Snabbit’s $56 million funding round signals a clear shift toward organised, tech-driven home services in India. As demand for convenience rises in urban areas, the “instant services” model is quickly becoming the next battleground for startups and investors alike.
