Snabbit Secures $56 Million for Home Services Expansion

Snabbit, a fast home services platform, has successfully acquired $56 million in a Series D funding round from Susquehanna VC, Mirae Asset Venture Investments, and Bertelsmann India Investments. This funding will facilitate the company’s growth into new urban areas, bolster its dominance in current markets, introduce additional high-demand service categories, and enhance its financial stability.

According to insights from Startup Superb, Snabbit’s valuation has risen to $360 million. Initially launched as a platform to meet regular household requirements swiftly, Snabbit has adopted a hyperlocal approach, prioritising speed, trustworthiness, and customer convenience.

Current Operations and Achievements

Snabbit’s services are available in five major cities: the Mumbai Metropolitan Region, Delhi NCR, Pune, Hyderabad, and Bengaluru. The platform asserts that it manages over 40,000 tasks daily across 140 active micromarkets and employs more than 15,000 service providers, all of whom are women.

Rapid Growth and Market Competition

The company achieved a significant milestone in March 2026, surpassing one million jobs monthly. In less than a year, its daily job orders skyrocketed from 400 to 40,000. To date, Snabbit has accumulated a total of $112 million in funding.

The competitive landscape is intensifying, as both established entities and new players vie for market share. Urban Company’s InstaHelp also reached one million bookings in March, coinciding with Snabbit’s 1 million orders during the same timeframe. Other competitors, like Pronto, are making strides in the industry, marking their first year with over 500,000 fulfilled bookings monthly.