Snabbit is leading the change in India’s evolving on-demand economy, having recently raised $19 million in Series B funding from Lightspeed, Elevation Capital, and Nexus Venture Partners. With this new funding, Snabbit can further its goal of providing dependable home services in less than ten minutes to India’s metro cities and over two hundred micro-markets.
This post will highlight the home services saga of India’s evolving hyperlocal markets, exploring Snabbit’s journey, the impact of funding received, and the reasons behind the model’s success.
A Snapshot of Snabbit’s Growth – Key details
| Key Point | Details |
| Company Name | Snabbit |
| Funding Round | Series B |
| Amount Raised | $19 million |
| Lead Investor | Lightspeed |
| Other Investors | Elevation Capital, Nexus Venture Partners |
| Total Funding to Date | $24.5 million (including previous $5.5M Series A) |
| Founder | Aayush Agarwal (ex-Zepto Chief of Staff) |
| Founded | 2024 |
| Core Service | On-demand home services (cleaning, laundry, dishwashing, etc.) |
| Unique Value Proposition | Services delivered within 10 minutes; hyperlocal, tech-driven model |
| Current Locations | Mumbai, select Bengaluru micro-markets |
| Expansion Plans | Over 200 micro-markets in major Indian cities within 9 months |
| Technology Focus | Real-time matching, optimised logistics, app-based booking |
| Market Opportunity | Large, fragmented, and underpenetrated Indian home services sector |
| Use of Funds | Geographic expansion, building a comprehensive operating system for home services |
| Trust | Trained, background-checked professionals; transparent pricing; digital payments |
| Addons | Experienced founder, reputable investors, vetted workforce, transparent operations |
| Impact | Disrupting traditional home services, improving convenience and reliability in urban India |
Snabbit was founded by Aayush Agarwal, who has worked as Zepto’s Chief of Staff. He founded this company when he found the need in the Indian consumer ecosystem of home services and e-commerce. This platform offers an expert professional within just 10 minutes for doing various house chores, for example, cleaning, laundry, and dishwashing.
This firm is located in Powai, Mumbai, and they immediately started spreading their services within the nearby area in Mumbai and some selected areas in Bangalore. The main motive is to provide an easy-to-use three-pronged approach to business.
Series B Funding: Strategic Vision Overview and Insights
Capital injection stakeholders and their logic
- Lead Investor: Lightspeed
- Existing Investors: Elevation Capital, Nexus Venture Partners
Total Funding to Date
- 24.5 million (including 5.5 million Series A in January 2025)
Accompanying the series A funding was a hasty intervention shortly after, signaling the remaining investors to follow suit. This is further echoed by Aayush Agarwal’s statement, “The need is universal, the category is massive, and we’re just getting started.”
Goals for Expansion
- Snabbit aims to do the following with the new investment received:
- Advance to all major metropolitan areas in India.
- Cover over 200 micro markets in less than 9 months.
- Create India’s first comprehensive hyperlocal operating system for rapid home service, which involves high technology and a deep local network of specialists.
The Reason Why Snabbit Works: The Hyperlocal Network
Snabbit’s success is fueled by the hyperlocal focus. With concentrated clusters of trained professionals within residential zones, the company solves two critical challenges in the home services industry in India: response times and reliability.
Service through Technology
Through optimising Service Request to Service Provider matching through real-time queries and route and schedule optimisation, Snabbit can promise house help is under ten minutes. This is only achievable due to the backend technology Snabbit has developed.
Building Trust in a Trust-Deficient Sector
Traditionally, Indian households have relied on informal networks for home help. This system has many flaws, such as trust issues, reliability and quality. Snabbit resolves these trust deficit concerns through employing trained vetted workers, offering transparent pricing, allowing digital payments, which lowers barriers of trust and increases repeat usage.
Transforming the way Indians utilise home Services Snabbit Impact
Market Gap
India’s urban population is growing rapidly, and within these households, there is an acute shortage of time. This drives the need for convenience and a reliable resource. Although the home services market in India is huge, it remains fragmented and underdeveloped.
Snabbit’s model is uniquely positioned to capture this demand.
User Experience
- Speed: Services provided in under 10 minutes.
- Quality: Verified industry professionals.
- Convenience: Booking through an app, clear pricing, and cashless payments.
Investor Perspective
Manish Advani, Principal at Elevation Capital, points out Snabbit’s ability to capture a fragmented market as well as the enormous opportunity of unmet demand.
He also remarks that the key distinguishing feature is a trust-deficit sector, which is being converted into a seamless, on-demand experience.
Unique Value: What Sets Snabbit Apart
- Speed Promise: 10-minute service delivery is industry-leading.
- Hyperlocal Focus: Expansion into smaller regions, not only primary cities.
- Tech-Enabled Operations: Real-time matching and optimised routing.
- Trust and Quality: Service professionals undergo extensive training and background checks.
Conclusion
Snabbit, combining trust and technology, sets new benchmarks for convenience in urban India. Their Series B funding of $19 million not only signals the growth opportunity in India’s home service sector but also substantiates how trust can be built by underscoring the evolving needs of the market. With the ability to scale, Snabbit is changing the game on household service accessibility while creating a framework for how trust and dominion can be constructed by startups in untapped industries.
FAQs
Every listed professional is trained and undergoes a background check before joining the platform.
Currently operational in select micro-markets of Mumbai and Bengaluru, with aggressive plans to expand to 200 micro-markets across other major Indian cities.
Booking enables the receipt of most services within the ten-minute window.
Disclaimer
This blog post contains information that solely aims to educate the reader. Although every effort has been made to ensure accuracy, the author and publisher make no guarantees regarding the completeness or reliability of the information. It relies on claiming facts without verifying them and using the content at their discretion. Posting this does not mean giving investment or professional counsel.
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