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India’s Snabbit Valuation Doubles to $180M in 5 Months on Quick Help Bet

techtost.comBy techtost.com30 October 202503 Mins Read
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India's Snabbit Valuation Doubles To $180m In 5 Months On
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India’s appetite for instant convenience — once limited to food and grocery delivery — is expanding to help at home. This change helped Snabbitan on-demand home help startup, has secured $30 million in new funding and raised its valuation to $180 million, up from $80 million five months ago.

The Series C all-equity round — Snabbit’s third fundraising in nine months — was led by Bertelsmann India Investments, with participation from existing backers Lightspeed, Elevation Capital and Nexus Venture Partners. The latest infusion brings the startup’s total funding to $55 million.

Snabbit’s new funding follows a spike in activity, with the Bengaluru-based startup growing from about 1,000 jobs a day in May to more than 10,000 daily bookings. The company crossed 300,000 total orders in October, founder and CEO Aayush Agarwal told TechCrunch.

Founded in 2024, Snabbit offers a range of on-demand domestic services for urban households, including cleaning, dishwashing, laundry and kitchen preparation through a fleet of 5,000 100% women-led specialists. The startup operates through a hyperlocal network of trained workers stationed around dense housing complexes, promising service within 10 minutes.

Snabbit currently serves 40 micro markets across five major cities namely Mumbai, Bangalore, Gurugram, Noida and Pune. It plans to expand its presence in these cities and enter Hyderabad, Chennai, Delhi and Kolkata very soon, Agarwal told TechCrunch.

Snabbit has served more than 300,000 customers, up from 25,000 in May, and expects to add another 100,000 as early as next month. Most of its users are between 30 and 40 years old, including singles and professionals.

Snabbit founder and CEO Aayush Agarwal with some of its female expertsImage Credits:Snabbit

Some of Snabbit’s customers are those who don’t want full-time home help, but prefer an ad hoc solution. “We’re basically taking the inefficiencies of the model and plugging it in, instead of saying, ‘Hey, this was happening offline and now we’re going to do it online,'” Agarwal said.

The startup reports a 30–35% retention rate and plans to reach $11 million in annual recurring revenue this month. Plus, it has a customer acquisition cost “well below” ₹500 (about $6), Agarwal told TechCrunch.

Snabbit’s services cost about ₹150 (about $2) per hour, with an average ticket size of about ₹240 (about $3).

Workers on the platform earn between ₹25,000-30,000 (approx. $284-340) per month, depending on the hours they work. The startup also reduced the average walking distance for its workers between two jobs from 300 meters to 250 meters, giving them more time to serve customers.

Snabbit is not alone in the race to offer fast, on-demand home services in India. Urban Company pioneered the trend and was later followed by startups such as Broome and Pronto. Urban Company now plans to double the direct services at home to stay ahead of rising competition, though Snabbit says it doesn’t see that as a challenge.

“In a hyperlocal business, you don’t win in India, you don’t win cities, you win micro markets. And today, outside the micro markets where both [Snabbit and Urban Company] are present, Snabbit is leading in more micro markets because we have adopted a very positive strategy of building depth as opposed to building breadth,” said Agarwal.

The new funding will help Snabbit strengthen its presence and expand into high-frequency categories such as cooking, childcare and elder care.

180M Bertelsmann India Investments bet Doubles Indias Lifting capital months Nexus Venture Partners quick Snabbit speed of light valuation
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