Instant home services startup Snabbit has raised $56 million in a fresh funding round, led by Mirae Asset Venture Investments and Susquehanna (SIG), with participation from existing investors as the quick home services race intensifies in India.
With this round, the company’s valuation has surged to nearly $350 million, marking a sharp jump from its previous round. The fresh capital is expected to be used for expansion into new neighbourhood clusters, strengthening the professional supply network, and scaling faster across major cities.
Snabbit operates in the instant home services space, offering on-demand professionals for tasks like cleaning, dishwashing, laundry, and other household chores within minutes. This segment is witnessing intense competition from players like Urban Company’s InstaHelp and Pronto, making it one of the fastest-growing startup categories right now.
The funding round highlights strong investor confidence in India’s emerging hyperlocal home services market, which is increasingly being compared to the early growth phase of quick commerce.
Do you think instant home services can become the next quick-commerce style boom in India?
Instant home services startup Snabbit ne fresh funding round mein $56 million raise kiye hain, jise Mirae Asset aur SIG ne lead kiya hai. India ke quick home services segment mein competition ab aur tez hota dikh raha hai.
Is funding ke baad company ki valuation $350 million ke aas-paas pahunch gayi hai, jo pichhle round ke comparison mein kaafi strong jump hai. Yeh paisa mainly new areas mein expansion, service professionals ka network strong karne aur multiple cities mein fast scale-up ke liye use hoga.
Snabbit users ko cleaning, dishwashing, laundry aur home chores ke liye on-demand professionals within minutes provide karta hai. Is space mein Urban Company InstaHelp aur Pronto jaise players ke saath kaafi tough competition chal raha hai.
Ye funding clearly dikhati hai ki investors ko lag raha hai ki India ka hyperlocal home services market अगला quick-commerce boom ban sakta hai.
Aapko kya lagta hai — kya instant home services India ka next quick-commerce boom ban sakta hai?