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

TLDR

• Snabbit raised a $56M Series D at ~$350M valuation, nearly doubling its October 2025 valuation of $180M.

Key Facts

• Round co-led by Susquehanna Venture Capital, Mirae Asset’s Unicorn Growth Fund, and Bertelsmann India Investments; Nexus, Lightspeed, and FJ Labs also participated.
• Total raised is approximately $112M since founding in 2024.
• Snabbit processes over 40,000 daily jobs across 15,000+ workers in five cities, offering cleaning, dishwashing, and laundry.
• Per-order losses fell ~50% and customer acquisition costs dropped ~65%.

Why It Matters

• Snabbit’s valuation nearly doubled in six months alongside improving unit economics, a rare combination at this stage.
• Rival Pronto is also raising and Urban Company reports over one million monthly bookings, signaling sustained investor interest in the sector.

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