Third fundraise in 9 months | $55 mn raised since launch, Series C led by Bertelsmann India Investments |
Set to expand into other high-frequency categories such as cooks and child care
Bengaluru: Snabbit, India’s largest quick-service platform providing on-demand home services, has raised $30 million in a Series C round of funding led by Bertelsmann India Investments (BII), with participation from all its existing investors – Lightspeed, Elevation Capital and Nexus Venture Partners. This is Snabbit’s third fundraise in nine months, bringing total capital raised to $55 million.
Built to make urban living more convenient, Snabbit connects households with trusted, trained Experts for everyday home chores, booked by the hour and arriving within minutes. Operating through a hyperlocal network of dense residential areas, Snabbit delivers quick, reliable, high-quality service across categories such as everyday cleaning, dishwashing, laundry, kitchen prep and more, powered by a full-stack model and time-based pricing.
“What started as an idea in 2024 is now India’s fastest-growing consumer category. In less than five months, we’ve scaled from under 1,000 to over 10,000 jobs a day, powered by a 100% women-led fleet of 5,000 Experts who are redefining dignity and inclusion for a workforce long overlooked,” said Aayush Agarwal, Founder & CEO, Snabbit. “The strong, pre-emptive interest leading to this fundraise, just months after our Series B, and the continued backing from all our investors, reflect both our execution and the massive potential of this category. This round makes us incredibly well-capitalized in a category we’ve been leading from the front. As we digitize India’s last major offline habit with focus on balancing growth with profitability, I’m very excited to build for this country, alongside a phenomenal team driving this mission every single day.”
“Bertelsmann’s investment in Snabbit reflects our commitment to backing businesses that scale with purpose and are solving real problems for consumers while making a positive impact,” said Rohit Sood, Partner, Bertelsmann India Investments. “By transforming how everyday services are delivered, Snabbit is creating dignified economic opportunities for its Experts and organising one of India’s largest informal sectors. Aayush’s vision, relentless execution, and commitment to the cause is unparalleled, and we are thrilled to join him on this journey.”
Rahul Taneja, Partner, Lightspeed said; “High frequency Home Services is truly the most under-penetrated, unorganised large category in the Indian ecosystem, yet to be meaningfully solved. Snabbit was the first to market and has relentlessly innovated to bring the best quality experience to consumers’ lives. We are excited to double down and deepen our partnership with Snabbit on this journey.”
With this fresh infused capital, Snabbit aims to launch more micro-markets and disrupt other high-frequency categories such as cooks, childcare and elderly care. The company recently shifted its Headquarters to Bengaluru and currently is live in 5 major cities.
