Quick service app Snabbit, which offers hyperlocal on-demand home services, has raised $5.5 million in its Series A funding round.
The round was led by Elevation Capital, with participation from existing investor Nexus Venture Partners and angel investors, including Vidit Aatrey and Sanjeev Barnwal (Meesho), Gaurav Munjal (Unacademy), and Niraj Singh (Spinny).
The company plans to allocate the new funds towards customer acquisition, expanding into new micro-markets across Mumbai in the coming months, and hiring talent to enhance its operational and technological capabilities.
ET first reported on January 15 that Snabbit was in the final stages of closing this funding round.
Founded in 2024 by Aayush Agarwal, a former chief of staff at quick commerce platform Zepto, Snabbit connects households with trained professionals for on-demand home tasks. These professionals, available by the hour, arrive within 15 minutes and are equipped to handle tasks such as general cleaning, dishwashing, and laundry.
“Indian customers are now ready to pay for convenience and the next wave of commerce is going to be not based on assortment or pricing, but convenience,” Agarwal told ET.
Snabbit operates with a full-stack model, managing the sourcing, training, and deployment of its professionals. Its time-based pricing model ensures standardised services across households and tasks.
The company currently has over 100 professionals on its platform and is experiencing double-digit monthly growth in this workforce, Agarwal said.
This funding round follows Snabbit’s $1 million seed investment led by Nexus Venture Partners in 2024.
Agarwal also noted that the company sees growth opportunities in adjacent categories such as cooking, childcare, and elderly care.
“Snabbit's platform which provides quick, on-demand and affordable home services through a hyperlocal network of professionals is a game-changer. Leveraging a unique model to deliver reliable and high-quality services swiftly, they stand out in the home services sector,” said Manish Advani, vice president, Elevation Capital.
This investment comes amid a flurry of activity among early- to mid-stage consumer brands, which are actively finalising funding rounds, signalling a rebound in deal-making momentum.
Direct-to-consumer (D2C) brand The Whole Truth Foods, luggage maker Mokobara, home appliances brand Nuuk, sanitary pads and sexual wellness brand Plush, specialty chemicals startup Scimplify, and travel-focused fintech venture Scapia are all in various stages of raising capital from venture investors and high net worth individuals, as reported by ET.
Budget with ET
India looks to bring more women into workforce
A game changing budget to revive India’s backbone - agriculture
How would you plan India's Budget? Give it a try
The company plans to allocate the new funds towards customer acquisition, expanding into new micro-markets across Mumbai in the coming months, and hiring talent to enhance its operational and technological capabilities.
ET first reported on January 15 that Snabbit was in the final stages of closing this funding round.
Founded in 2024 by Aayush Agarwal, a former chief of staff at quick commerce platform Zepto, Snabbit connects households with trained professionals for on-demand home tasks. These professionals, available by the hour, arrive within 15 minutes and are equipped to handle tasks such as general cleaning, dishwashing, and laundry.
“Indian customers are now ready to pay for convenience and the next wave of commerce is going to be not based on assortment or pricing, but convenience,” Agarwal told ET.
Snabbit operates with a full-stack model, managing the sourcing, training, and deployment of its professionals. Its time-based pricing model ensures standardised services across households and tasks.
The company currently has over 100 professionals on its platform and is experiencing double-digit monthly growth in this workforce, Agarwal said.
This funding round follows Snabbit’s $1 million seed investment led by Nexus Venture Partners in 2024.
Agarwal also noted that the company sees growth opportunities in adjacent categories such as cooking, childcare, and elderly care.
“Snabbit's platform which provides quick, on-demand and affordable home services through a hyperlocal network of professionals is a game-changer. Leveraging a unique model to deliver reliable and high-quality services swiftly, they stand out in the home services sector,” said Manish Advani, vice president, Elevation Capital.
This investment comes amid a flurry of activity among early- to mid-stage consumer brands, which are actively finalising funding rounds, signalling a rebound in deal-making momentum.
Direct-to-consumer (D2C) brand The Whole Truth Foods, luggage maker Mokobara, home appliances brand Nuuk, sanitary pads and sexual wellness brand Plush, specialty chemicals startup Scimplify, and travel-focused fintech venture Scapia are all in various stages of raising capital from venture investors and high net worth individuals, as reported by ET.
