Home services platform Snabbit has raised $56 million (about ₹530 crore) in a Series D funding round, as Susquehanna Venture Capital, Mirae Asset Venture Investments’ Unicorn Growth Fund, and Bertelsmann India Investments co-led the investment, the company said on Tuesday. Additionally, existing investors Nexus Venture Partners and Lightspeed participated in the round, strengthening investor confidence in the fast-growing home services marketplace.
Furthermore, Snabbit Founder and CEO Aayush Agarwal said that the company will utilize the funds to strengthen its balance sheet while preparing to expand services across micro-markets and enter new categories in the near future.
“We have raised $56 million in Series D round funding, led by SIG, along with Mirae and Bertelsmann. We already have strong investors like Lightspeed, Elevation, and Nexus. Bertelsmann, which led our previous round, is doubling down significantly,” Agarwal said.
Moreover, global marketplace investor FJ Labs joined the funding round as a new investor, thereby further diversifying Snabbit’s investor base. With this latest infusion, the company has raised a total of $112 million to date, reinforcing its position in India’s rapidly growing home services sector.
“There is strong investor backing, but also greater responsibility to build what we believe can be a generational company that changes how Indian households operate. This round gives us more than three years of runway. That includes total capital, not just the raised capital,” Agarwal said.
At present, Snabbit claims to have over 10 million monthly active users, which drive category-leading throughput of 40,000 jobs per day from a limited operational footprint. Consequently, the company demonstrates strong utilization rates, repeat demand, and operational efficiency rather than relying solely on surface-level expansion.
Currently, Snabbit operates in three major cities—Delhi NCR, Bangalore, and Mumbai—while maintaining a smaller presence in Hyderabad and Pune. Looking ahead, the company plans to establish a significant presence in at least the top 10 metro cities in India within the next 12 months.
“We currently live in three major cities—Delhi NCR, Bangalore, and Mumbai—with a smaller presence in Hyderabad and Pune. Over the next 12 months, we aim to have a significant presence in at least the top 10 metro cities in India,” Agarwal said.
In addition, Snabbit plans to expand into new service categories, including home cooks, childcare, elderly care, and driver services, thereby broadening its offerings in the home services marketplace.
“Right now, I’m particularly excited about home cooks. We have run a successful pilot and are now scaling it, starting with Bangalore. The idea is simple, home-cooked meals by trained experts (not chefs), like how we approached home cleaning as an unsolved problem,” Agarwal said.
Meanwhile, Agarwal emphasized that the company will prioritize scaling operations, expanding across categories, and improving unit economics in the near term.
“Today, for every 1 mature micro market, there are 7-8 new micro markets being built, which means investments are currently outweighing returns. It will take some time for this equation to turn, as we want to clearly prove the economics of the business and then sustain it over a long period. Alongside this, the priority is to build a high-quality, world-class organization and team that can support continued scale,” Agarwal said.
Snabbit’s $56 million funding round highlights strong investor confidence in India’s home services market while positioning the company for aggressive expansion, category diversification, and long-term sustainable growth. As demand for digital home services platforms rises, Snabbit aims to redefine how Indian households access essential services, thereby strengthening its foothold in the competitive startup ecosystem.
