Snabbit Secures $5.5 Million to Transform India’s Home Services Industry with On-Demand Solutions

Snabbit Secures $5.5 Million to Transform India’s Home Services Industry with On-Demand Solutions
Snabbit Secures $5.5 Million to Transform India’s Home Services Industry with On-Demand Solutions

Summary of Snabbit’s Funding Announcement: Snabbit, an on-demand home services app, has raised $5.5 million in a Series A funding round led by Elevation Capital, with participation from Nexus Venture Partners and notable angel investors. This follows the $1 million seed funding the startup secured earlier in 2024.

Founded by Aayush Agarwal, a former Zepto executive, Snabbit offers quick-access home services such as cleaning, laundry, and dishwashing, with professionals available within 15 minutes. The app operates on a full-stack model, sourcing, training, and managing its workforce while providing workers with stable income and benefits like health insurance.

Currently active in select areas of Mumbai, Snabbit plans to use the new funds to expand its services across India and enhance its operational capabilities. The company has already acquired thousands of customers through word-of-mouth, tapping into the significant demand for high-frequency home services.

Investors praised Snabbit for its innovative, hyperlocal approach and its potential to transform the home services sector, benefiting both consumers and service providers. The startup is seen as a disruptor in an untapped market with immense growth potential.

$5.5 Million Series A Funding Secured

Snabbit, an innovative app providing on-demand home services, has successfully raised $5.5 million in a Series A funding round led by Elevation Capital. Nexus Venture Partners participated, alongside angel investors Vidit Aatrey, Sanjeev Barnwal, Gaurav Munjal, and Niraj Singh. This funding follows the $1 million seed investment the company received earlier in 2024 from Nexus Venture Partners.

Delivering Fast, Reliable Home Services

Founded in 2024 by Aayush Agarwal, formerly chief of staff at Zepto, Snabbit simplifies home services like cleaning, dishwashing, and laundry. The app ensures professional assistance within 15 minutes of booking, offering flexibility and reliability for customers.

Snabbit’s full-stack operational model sets it apart by directly sourcing, training, and managing its workforce. This structure ensures service quality and provides employees with steady income and benefits such as health and accident insurance. According to Agarwal, the platform is empowering a traditionally fragmented workforce.

Scaling Operations Beyond Mumbai

Currently active in select neighborhoods in Mumbai, Snabbit plans to use the fresh funds to expand its footprint across India and strengthen its team. The startup has already acquired thousands of customers through organic growth, leveraging word-of-mouth referrals to establish itself in the market.

Agarwal views India as a high-potential market for frequent home services and sees Snabbit as a pioneer in this sector, driving innovation and scalability.

What Investors Are Saying

Manish Advani, Vice President at Elevation Capital, described Snabbit as a “game-changer” for its hyperlocal, affordable, and reliable service model. He expressed confidence in the company’s ability to scale nationwide and redefine everyday convenience for Indian households.

Suvir Sujan, Managing Director at Nexus Venture Partners, highlighted Snabbit’s focus on densely populated areas, calling its approach a win-win for both customers and service providers. He emphasized the startup’s role in disrupting the home services market at the hyperlocal level.

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