India’s Snabbit closes $56M round as investor interest in domestic projects increases

Quicklyan Indian home-based services startup, has closed a $56 million round of funding, confirms TechCrunch’s. previous report.

Led by Susquehanna Venture Capital, Mirae Asset Venture Investments’ Unicorn Growth Fund, and Bertelsmann India Investments, the company’s Series D round values ​​the Bengaluru-based startup at about $350 million, according to a person familiar with the matter. That’s from $180 million about six months ago. Existing investors Nexus Venture Partners and Lightspeed also participated, alongside FJ Labs. The company has raised about $112 million in total.

Launched in 2024, Snabbit said it is now processing more than 40,000 jobs daily across a team of more than 15,000 workers across five cities, offering services such as cleaning, dishwashing, and laundry as the most in-demand domestic services in India.

The founders said that the amount lost per order has dropped by about 50%, while the cost of customer purchases has dropped by about 65%.

Snabbit’s fundraising comes as interest from businesses in India seeking home-based services is increasing, with its partner Pronto. and in negotiations to raise new funds and public selling Urban Company reports over one million sales per month.