Snabbit raises $56 million in Series D; valuation doubles to $360 million
Snabbit, a quick home services startup, has raised $56 million in Series D funding, doubling its valuation to $360 million. The company plans to deepen its presence in existing markets and launch new categories to increase customer wallet share.
Snabbit, a quick home services startup, has raised $56 million in Series D funding co-led by Susquehanna Venture Capital, Mirae Asset Venture Investments, Unicorn Growth Fund, and Bertelsmann India Investments. The company's valuation has doubled to $360 million. Snabbit plans to deepen its presence in existing markets and launch new categories. The home services market in India is estimated to be $60 billion in FY25 and is projected to grow to $100 billion by 2030. Snabbit operates across 140 micromarkets in five cities, including Mumbai, Delhi, Pune, Hyderabad, and Bengaluru. The company has reduced per-order burn by 50% and customer acquisition costs by 65% in the last four months.
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