Snabbit Secures $5.5 Million in Series A Funding for On-Demand Home Services
Snabbit, an innovative quick service app offering on-demand home services, has successfully raised $5.5 million in a Series A funding round. This round was spearheaded by Elevation Capital, with additional contributions from Nexus Venture Partners.
The funding round also included notable contributions from prominent angel investors such as Vidit Aatrey, Sanjeev Barnwal, Gaurav Munjal, and Niraj Singh. This investment follows an earlier $1 million seed investment from Nexus Venture Partners in early 2024.
About Snabbit
Snabbit serves as a bridge between households and skilled professionals for various on-demand home tasks. Key features of the service include:
- Hourly booking of service professionals.
- Quick response time with professionals arriving within 15 minutes.
- Assistance with tasks such as cleaning, dishwashing, and laundry.
Founded in 2024 by Aayush Agarwal, who previously held the position of chief of staff at Zepto, Snabbit is currently operational in select areas of Mumbai. The newly acquired funding is aimed at expanding the service to additional locations and strengthening the team.
Agarwal noted the company’s commitment to understanding customer challenges and developing a model that is scalable and transformative. The feedback generated has been overwhelmingly positive, with thousands of customers acquired within a short serviceable radius, primarily through robust word-of-mouth marketing.
Empowering a Fragmented Workforce
Snabbit’s comprehensive approach to sourcing, training, and managing service experts ensures:
- Stable income for professionals.
- Access to essential benefits, including health and accident insurance.
This approach plays a crucial role in uplifting a previously fragmented workforce.