Indian instant home services platform Snabbit raises $56 million in fresh funding round

Urban

28/04/2026 06:11

Corrects to add story identifier and broaden distribution; no changes to text

BENGALURU, April 28 (Reuters) - Snabbit, an Indian on-demand home services platform, said on Tuesday that it has raised $56 million in a funding round led by Susquehanna Venture Capital, Mirae Asset Venture Investments, and Bertelsmann India Investments.

The company, which offers household help for tasks such as dishwashing and kitchen cleaning with services starting at 169 rupees ($1.79) per hour, said its valuation has more than doubled from $180 million in its previous round, without providing details.

Snabbit's existing investors Nexus Venture Partners and Lightspeed participated in the round, along with new investor FJ Labs Inc.

Snabbit has raised a total of $112 million across five funding rounds.

It plans to use the funds to expand into new cities and deepen its presence in existing markets, add additional categories, and strengthen its balance sheet.

The company said it crossed 1 million monthly jobs in March.

Snabbit competes with General Catalyst-backed Pronto and Urban Company URBN.NS.

The sector has over 10 million monthly average users. Urban Company leads with 6.5 million users, Pronto with 2.7 million and Snabbit with 1.2 million users, according to a Morgan Stanley note dated April 10.

($1 = 94.4600 Indian rupees)

(Reporting by Haripriya Suresh in Bengaluru; Editing by Sonia Cheema)

((haripriya.suresh@thomsonreuters.com))