Home services platform Snabbit raises $56 mn in Series D funding round
Home services platform Snabbit has raised $56 million in a Series D funding round co-led by Susquehanna Venture Capital, Mirae Asset Venture Investments' Unicorn Growth Fund, and Bertelsmann India Investments. Snabbit plans to use the funds to expand its services into new categories and micro markets.
Snabbit, a home services platform, has secured $56 million in Series D funding. The round was co-led by Susquehanna Venture Capital, Mirae Asset Venture Investments' Unicorn Growth Fund, and Bertelsmann India Investments. Existing investors Nexus Venture Partners and Lightspeed also participated. Snabbit plans to use the funds to build a strong balance sheet and expand its services into new categories and micro markets. The company currently operates in Delhi NCR, Bangalore, and Mumbai, with a smaller presence in Hyderabad and Pune. Snabbit aims to have a significant presence in at least the top 10 metro cities in India within the next 12 months. The company is also planning to start new categories such as home cooks, childcare, elderly care, and drivers. With this fresh round, Snabbit has raised a total of $112 million till date.
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