Snabbit, a rapid delivery-focused quick service provider, has secured $19 million (approximately ₹160 crore) in a new funding round led by Lightspeed, with continued support from existing investors Elevation Capital and Nexus Venture Partners, according to founder Aayush Agarwal.
Specializing in rapid delivery of household assistance, Snabbit offers trained professionals within 10 minutes for tasks like general cleaning, dishwashing, laundry, and more — redefining convenience in the at-home services segment.
This latest funding round comes just four months after Snabbit raised $5.5 million in its Series A. It also follows Pronto’s announcement of a $2 million seed funding round.
Beyond Snabbit and Pronto, the rapid delivery model is gaining serious traction among investors. Startups like Slikk and others are increasingly attracting funding as they continue to innovate and create new layers of demand within the evolving quick commerce ecosystem.
However, Agarwal does not worry about competition. “Be it Urban Company, Pronto, Pync, or any other startup, we are not bothered. They have copied what Snabbit built and are currently solving the problems we had solved one year ago,” Agarwal said in the interview.
Even with similar business models and rising competitors, success ultimately depends on execution. As an early entrant in the space, Snabbit holds a competitive advantage, he explained. “All our rivals came up with the idea only after us. So, it becomes our battle to lose, not their battle to win,” Agarwal added.
Agarwal did not disclose the company’s current valuation.
Based in Mumbai, Snabbit has so far concentrated its operations in select areas of Bengaluru and Mumbai. With the fresh infusion of capital, the company plans to rapidly scale its presence across India.
According to Agarwal, Snabbit aims to expand into more than 200 micro-markets across metro cities within the next nine months.
Zepto has emerged as one of India’s most prominent consumer internet startups, having raised nearly $2 billion from various investors.
Interestingly, Nexus Venture Partners and Lightspeed — both major backers of Snabbit — are also investors in Zepto, highlighting growing investor confidence in the quick commerce and instant services sector.
“We closed the round in under a week’s time; that should tell you,” Agarwal said when asked about the investor sentiment around companies in the space.
Rahul Taneja, partner at Lightspeed, said Snabbit “is transforming home services in India by bringing speed, structure, and trust to a sector that has largely operated informally until now.”
“Snabbit continues to execute with clarity and purpose in a space that’s long overdue for change,” said Suvir Sujan, co-founder and managing director, Nexus Venture Partners. “They’ve taken a complex, hyperlocal problem and built a scalable, full-stack solution that delivers value to both consumers and professionals.”
Snabbit’s rapid rise and strong investor backing reflect the growing momentum in India’s quick commerce and instant service space. With an ambitious expansion plan, experienced leadership, and support from prominent VCs, Snabbit is positioning itself as a frontrunner in this evolving market. As execution becomes the key differentiator, the company’s early-mover advantage could prove critical in staying ahead of the curve.
