India’s Snabbit closes $56M round as investor interest in on-demand home services heats up
Snabbit, an Indian on-demand home services startup, has closed a $56 million funding round, valuing the company at around $350 million. The startup processes over 40,000 jobs daily across five cities, offering services such as cleaning and laundry.
Snabbit, an Indian on-demand home services startup, has secured $56 million in funding. The Series D round values the Bengaluru-based company at around $350 million. The round was co-led by Susquehanna Venture Capital, Mirae Asset Venture Investments' Unicorn Growth Fund, and Bertelsmann India Investments. Snabbit processes over 40,000 jobs daily across a network of more than 15,000 workers in five cities. The startup has reduced its losses per order by 50% and customer acquisition costs by 65%. Snabbit's funding comes amid growing investor interest in India's on-demand home services sector, with rival Pronto also in talks to raise capital.
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