Snabbit Raises $19M Series B to Expand Quick-Services Across Indian Metros
Snabbit Raises $19M Series B to Expand Quick-Services Across Indian Metros

Snabbit Raises $19M Series B to Expand Quick-Services Across Indian Metros

News summary

Snabbit, a Mumbai-based quick-service platform founded in 2024 by former Zepto Chief of Staff Aayush Agarwal, has raised $19 million in its Series B funding round led by Lightspeed, with participation from Elevation Capital and Nexus Venture Partners. The company offers trained professionals for on-demand home services such as cleaning, dishwashing, and laundry, promising service within 10 to 15 minutes. Since its launch, Snabbit has expanded from Powai, Mumbai, to several micro-markets within Mumbai and Bengaluru, currently operating in 10 micro-markets with plans to scale to over 200 micro-markets across India’s top metro cities in the next nine months. The fresh capital will be used aggressively to support this rapid expansion and build a larger team. Despite rising competition from rivals like Urban Company and Pronto, Agarwal emphasizes Snabbit's early-mover advantage and superior execution as key differentiators. The quick-service segment is attracting growing investor interest, with multiple startups innovating to meet urban consumer demand for rapid home services.

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