India's Snabbit closes $56M round as investor interest in on-demand home services heats up

TLDR

• Snabbit raised $56M at a ~$350M valuation, nearly doubling its worth in six months.

Key Facts

• Series D co-led by Susquehanna Venture Capital, Mirae Asset, and Bertelsmann India Investments; Nexus, Lightspeed, and FJ Labs also participated.
• Valued at ~$350M, up from ~$180M roughly six months ago; total raised is about $112M.
• Processes 40,000+ daily jobs via 15,000+ workers across five cities, offering cleaning, dishwashing, and laundry.
• Per-order losses down ~50%; customer acquisition costs down ~65%.

Why It Matters

• Rapid valuation growth alongside improving unit economics signals the model is gaining traction in urban India.
• Rival Pronto is reportedly raising, and Urban Company exceeded one million monthly bookings, indicating broad sector momentum.

Jagmeet Singh, TechCrunch · 2026-04-28 · Read the original