Snabbit has raised $56 million, or about Rs 530 crore, in a fresh funding round, as investor interest in India’s on-demand home services space gathers pace.
The round was co-led by Susquehanna Venture Capital and Mirae Asset Venture Investments, with Bertelsmann India Investments increasing its stake. Existing investors, including Nexus Venture Partners, Lightspeed and Elevation Capital also participated.
The Bengaluru-based startup has now raised $112 million in the past two years. Its valuation has climbed to around $350 million to $360 million, reflecting growing investor confidence in what is being called the instant home services segment.
But for founder Aayush Agarwal, the headline number is not the most important one. “247 metres. That’s the median distance our experts travel between two jobs. It is also the single number that explains why we just closed our Series D,” he said in a .
That number points to what the company believes is its core advantage.
Snabbit’s model is built around dense, hyperlocal clusters where demand and supply sit close to each other. The idea is simple. The closer the jobs are, the faster the service, the higher the earnings for workers, and the better the unit economics.
“Density compounds. Higher earnings for Experts, faster service for customers, meaningfully better unit economics for the platform,” Agarwal said.
The growth numbers reflect that strategy. Snabbit says daily jobs have increased fourfold in the last six months, with some micro-markets now handling more than 1,000 jobs a day. At the same time, the company claims it has reduced its burn per job by 50% over the same period.
That combination is what investors are betting on.
The company operates in a space that is beginning to look like the next frontier of the convenience economy. Users can book household help such as cleaning and dishwashing through an app, often with short turnaround times.
The pitch is familiar. What food delivery did for restaurants and ride-hailing did for transport, platforms like Snabbit are trying to do for domestic work.
But the execution is far more complex.
This is a labour-heavy business where service quality, trust and consistency matter as much as speed. Scaling it requires not just demand, but a reliable and trained supply base.
Snabbit is trying to address that by focusing on fewer cities and building depth instead of spreading too quickly. That strategy has helped it gain market share despite a limited geographic footprint, according to the company.
“We are market share leaders despite very limited geographic footprint,” Agarwal said.
The company now plans to expand both its reach and its offerings. It was among the first to introduce “house help” as an app-based category. The next focus, Agarwal said, will be services such as home cooking.
“Getting a meal prepared in your kitchen will soon be as convenient as getting help at home,” he said. That ambition sits within a much larger opportunity.
India’s home services market is estimated to be worth tens of billions of dollars, but remains largely informal. Most households still rely on local networks to find domestic help.
Startups are trying to formalise that system by offering on-demand access, standardised pricing and digital discovery.
Competition is already intensifying.
Urban Company remains the largest player, while newer entrants like Snabbit are pushing a faster, more frequent-use model.
That is where this funding round becomes significant.
It signals that investors are willing to back companies that can show both growth and improving unit economics in a space that has historically struggled with profitability.’
Agarwal acknowledged the road ahead remains long. “Two years ago, no one believed this category could exist. Today, it is the breakout consumer story of the decade. The path ahead is longer than the one behind. We treat this fundraise as a mandate, not a milestone,” he said.
For now, the takeaway is straightforward. The push to bring household work onto platforms is accelerating. And the race to own that space has clearly begun.