Home services platform Snabbit has secured $56 million (approximately ₹530 crore) in a funding round co-led by Susquehanna Venture Capital, Mirae Asset Venture Investments’ Unicorn Growth Fund, and Bertelsmann India Investments. The announcement was made by the company on Tuesday.
Existing investors Nexus Venture Partners and Lightspeed also contributed to this funding round. Snabbit’s Founder and CEO, Aayush Agarwal, stated to PTI that the company intends to utilize the funds to strengthen its balance sheet as it prepares to expand services in micro markets and enter new categories in the near future.
“We have raised $56 million in a Series D funding round, led by SIG, alongside Mirae and Bertelsmann. This also marks Mirae’s inaugural investment from the recently launched Unicorn Growth Fund. We have strong backing from investors like Lightspeed, Elevation, and Nexus, while Bertelsmann, which led our previous round, is increasing its investment,” Agarwal said.
Additionally, FJ Labs, a global marketplace investor, joined this funding round as a new investor. With this latest round, Snabbit has raised a total of $112 million to date.
Agarwal emphasized the importance of this funding, noting, “There is strong investor backing, but also greater responsibility to build what we believe can be a generational company that changes how Indian households operate. This round gives us more than three years of runway, including total capital, not just the raised amount.”
Snabbit claims to have over 10 million monthly active users, resulting in 40,000 jobs per day, underscoring its efficient operations despite a limited geographic presence. The company currently operates in three major cities—Delhi NCR, Bangalore, and Mumbai—and has a smaller presence in Hyderabad and Pune. Agarwal expressed the goal of establishing a significant presence in at least the top ten metropolitan cities in India within the next 12 months.
The company is also preparing to launch new categories such as home cooks, childcare, elderly care, and drivers. “I’m particularly excited about home cooks. We have successfully piloted this initiative and are now scaling it, beginning in Bangalore. The concept is straightforward: home-cooked meals prepared by trained experts (not chefs), similar to how we approached home cleaning as an unresolved issue,” Agarwal remarked.
He further stated that the immediate focus is on scaling the business, diversifying across multiple categories, and enhancing unit economics. “Currently, for every one mature micro market, there are 7-8 new markets under development, which indicates that investments are surpassing returns. It will take some time for this equation to balance, as our goal is to clearly demonstrate the business’s economics and sustain it over the long term. Alongside this, our priority is to build a high-quality, world-class organization and team that can support continued scale,” Agarwal concluded.
The article was published on April 28, 2026.
