Snabbit closes a $56M round as investor appetite heats up for on‑demand home services 🧹💸

Snabbit, the Indian on‑demand home services startup founded in 2024, has raised $56 million in a Series D round co‑led by Susquehanna Venture Capital, Mirae Asset Venture Investments’ Unicorn Growth Fund and Bertelsmann India Investments. The deal values the company at around $350 million, up from $180 million six months ago; the firm has raised approximately $112 million in total.

The platform already processes more than 40,000 jobs daily through a network of over 15,000 workers across five cities, offering services such as cleaning, dishwashing and laundry. According to the company, loss per order has been reduced by about 50% and customer acquisition cost has fallen around 65%, clear signs that its unit economics are improving as it scales.

The move comes at a time of increased investor interest in the segment: rivals like Pronto are also in talks to raise capital and Urban Company, a listed competitor, reports more than one million monthly bookings. The combination of growing urban demand for convenience and efficiency improvements is drawing capital to this ecosystem in India.

Source: TechCrunch