Startup News Today: Snabbit’s $56M Funding Signals Growth in On-Demand Home Services
"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.
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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