Bengaluru-based home services startup Snabbit has raised $56 million in a Series D funding round, signalling strong investor confidence in India’s rapidly evolving instant services segment. The round was co-led by Mirae Asset Venture Investments and Susquehanna International Group (SIG), with participation from existing investors including Bertelsmann India Investments.
The latest fundraise reportedly values the company at around $350 million, nearly doubling its valuation from the previous round in 2025. The deal comes amid increasing investor interest in platforms that cater to high-frequency, convenience-driven use cases in urban households.
Founded in 2024, Snabbit operates a hyperlocal platform that connects users with service professionals for everyday household tasks such as cleaning, laundry, and cooking. The company’s core proposition lies in delivering these services within 10 to 15 minutes, positioning itself as part of the broader “instant services” wave that has gained traction alongside quick commerce.
The startup has scaled rapidly over the past year, expanding its footprint across key neighbourhoods and reportedly handling a significant volume of daily service requests. Its focus on high-frequency tasks has enabled repeat usage, making it an attractive proposition for investors betting on long-term consumer behaviour shifts.
The newly raised capital will be deployed towards geographic expansion, strengthening supply infrastructure, and improving operational efficiency. The company is also expected to invest in technology and workforce management to support its next phase of growth.
