Rapidly growing home services platform Snabbit is set to raise USD 30 million (~INR 265.4 crore) in a Series C funding round, marking its third fundraise within 2025 and propelling the company’s valuation to more than double its last round.
Bertelsmann Leads the Round Amid Surge in Valuation
Snabbit Series C round is being led by global media conglomerate Bertelsmann Nederland BV, with participation from existing backers Lightspeed Venture Partners, Elevation Capital, and Nexus Venture Partners. According to regulatory filings, Bertelsmann will invest INR 135.39 crore (~USD 15.4 million), while Lightspeed and Elevation will each contribute INR 53 crore (~USD 6 million), and Nexus will infuse INR 23.9 crore (~USD 2.8 million).
Snabbit Series C fundraising values the company at INR 1,516 crore (~USD 172 million) — a sharp jump from its USD 80 million (~INR 705 crore) valuation in the May 2025 Series B round and nearly seven times its USD 23 million (~INR 202 crore) post-Series A valuation in January.
The capital will be used to support working capital, scale operations, expand user acquisition, and strengthen technology infrastructure, according to filings with the Registrar of Companies (RoC).
A Meteoric Rise in Less Than a Year
Founded in 2024 by Aayush Agarwal, a former chief of staff at Zepto, Snabbit has emerged as one of India’s fastest-scaling consumer internet startups. The company offers on-demand home services such as cleaning, cooking, and dishwashing, promising a trained professional at one’s doorstep within 10–15 minutes.
The new raise follows a USD 19 million Series B round in May 2025, led by Lightspeed, and a USD 5.5 million Series A earlier in January, spearheaded by Elevation Capital. In under a year, Snabbit has attracted some of the most prominent global venture firms — a signal of investor conviction in its ability to formalize India’s vast, unorganized domestic help sector.
Hyperlocal Expansion and Full-Stack Execution
Snabbit’s model combines speed, structure, and reliability — a formula that has won both users and investors. The platform operates through a hyperlocal cluster-based network, enabling it to deliver trained “experts” to urban households in under 10 minutes.
“We’ve grown 5x in the last four months. It took us 150 days to reach 100 daily orders in Powai, but only eight days to achieve the same in Thane. That shows how our playbook is scaling efficiently.” Agrawal said.
Unlike aggregation-based gig platforms, Snabbit follows a full-stack model, sourcing, training, and managing its workforce in-house to ensure quality and trust at scale. The company also places heavy emphasis on worker welfare, offering Aadhaar-linked bank accounts, insurance, and financial inclusion products like micro-credit and advance salary access.
Strategic Shift to Bengaluru and Leadership Strengthening
In parallel with its fundraising momentum, Snabbit has relocated its headquarters from Mumbai to Bengaluru, India’s startup capital, to be closer to top-tier tech and talent. The company has also fortified its leadership team with senior hires from marquee startups — including former CRED executive Kansal as product head, Porter’s ex-VP Ankit Srivastava as tech head, Anurag Meher as data head, and Capt. H.K. Sharma as head of trust, safety, and law enforcement.
These additions underline Snabbit’s ambitions to build the “operating system” for rapid home services, as Agarwal described, combining logistics precision with consumer trust.
Preparing for Snabbit IPO
Industry observers see the new funding as a precursor to an IPO in 2026, as Snabbit strengthens its financial position and governance ahead of public markets. With a rapidly expanding footprint — targeting 200 micro-markets across top metros within the next six months — and a workforce slated to grow from 2,500 to 8,20,000 trained experts, the company is laying the groundwork for nationwide scale.
According to estimates, Snabbit now serves over 6,000 families across Mumbai, Bengaluru, and Delhi NCR, and aims to handle one million daily household orders through its app. The startup also plans to make Net Promoter Score (NPS) a central metric of its operational performance.
A $45 Billion Market Opportunity
India’s instant home services market, valued at roughly USD 45 billion, remains largely untapped but rapidly evolving. Demand spikes during festive seasons like Diwali — which saw 8,00,000 orders industry-wide — underscore the growing consumer appetite for trusted, tech-enabled domestic help.
Snabbit competes with Urban Company’s Insta Help and General Catalyst-backed Pronto, yet analysts note that the sector mirrors the early trajectories of quick commerce and food delivery, where speed and convenience reshaped consumer habits before profitability followed.
While challenges persist — including high onboarding costs, worker migration, and emerging regulatory scrutiny — Snabbit’s focus on depth before scale, AI-driven workforce placement, and strong investor backing position it as the frontrunner in a space ripe for disruption.
The Road Ahead
With its valuation more than doubling and institutional confidence at an all-time high, Snabbit appears poised to become India’s next breakout consumer internet success story.
As Agarwal put it, “We’re building a new category for urban India — where quality home services are as fast and reliable as ordering a cab.”
If its execution continues at this pace, Snabbit Series C funding may not just be another funding milestone — it could be a prelude to one of India’s most anticipated IPOs in the on-demand services space.
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