Quick services startup Snabbit announced on Thursday that it raised $30 million in a Series C funding round led by Bertelsmann India Investments, with continued participation from its existing investors—Lightspeed, Elevation Capital, and Nexus Venture Partners.
This latest round marks Snabbit’s third fundraise in the last nine months, bringing its total capital raised to $55 million. The company said it will use the fresh funds to launch new micro-markets and expand into high-frequency service categories such as cooking, childcare, and elderly care.
Commenting on the rapid fundraising momentum, Aayush Agarwal, founder and chief executive officer of Snabbit, said, “The strong, preemptive interest leading to this fundraise, just months after our Series B, and the continued backing from all our investors reflect both our execution and the massive potential of this category. This round makes us incredibly well-capitalized in a category we have been leading from the front.”
Rahul Taneja, partner at Lightspeed and an investor in Snabbit, said, “High-frequency home services is truly the most under-penetrated, unorganized large category in the Indian ecosystem, yet to be meaningfully solved. Snabbit was the first to market and has relentlessly innovated to bring the best quality experience to consumers’ lives. We are excited to double down and deepen our partnership with Snabbit on this journey.”
According to Agarwal, quick home services represent one of the fastest-growing consumer categories in India. The company has scaled its workforce to over 5,000 women, driving both inclusion and empowerment.
“In less than five months, we have scaled from under 1,000 to over 10,000 jobs a day, powered by a 100 percent women-led fleet of 5,000 experts who are redefining dignity and inclusion for a workforce long overlooked,” he said.
Snabbit recently relocated its headquarters to Bengaluru to leverage the city’s deep technology talent pool. The company is currently operational in five cities and has expanded its leadership team across product and technology functions as it prepares to enter new markets across India.
