Snabbit Secures $19 Million in Series B Funding Led by Lightspeed to Revolutionize Home Services in India
Andrew LeeMumbai-based quick-service app Snabbit has successfully raised $19 million in a Series B funding round led by global venture capital firm Lightspeed. The round also saw participation from existing investors Elevation Capital and Nexus Venture Partners, signaling strong confidence in Snabbit’s vision to transform the hyperlocal on-demand home services sector in India.
Snabbit, which focuses on providing rapid home assistance for everyday tasks such as cleaning, laundry, and dishwashing, aims to address the traditionally offline and informal nature of these services. With a mission to bring speed, trust, and quality to households, the app connects users with trained professionals at the tap of a button, as highlighted by founder Aayush Agarwal.
The fresh capital will fuel Snabbit’s ambitious expansion plans, targeting over 200 micro-markets across India within the next 9 to 12 months, up from its current presence in around 10 micro-markets. This aggressive scaling strategy is set to position Snabbit as a leader in urban home service solutions.
In addition to geographic expansion, the funds will be utilized to strengthen the company’s team and enhance its technological capabilities. By investing in talent and innovation, Snabbit aims to improve user experience and operational efficiency, ensuring seamless service delivery in metro cities and beyond.
The home services market in India has long been underserved by digital solutions, often plagued by inconsistency and lack of trust. Snabbit’s entry into this space with a focus on reliability and convenience is seen as a game-changer, tapping into a growing consumer demand for accessible, high-quality services.
With backing from prominent investors like Lightspeed, Snabbit is poised to redefine how Indian households manage daily chores. As the startup accelerates its growth, it continues to pave the way for digital transformation in one of the country’s most fragmented yet essential sectors.
