India's Snabbit Nears $50-60M Funding to Transform On-Demand Home Services Market

Bengaluru-based startup Snabbit is in advanced talks to secure $50-60 million in fresh funding.

The round is led by South Korea's Mirae Asset Venture Investments, with existing investor Bertelsmann India Investments participating.

Valuation and Round Details

This funding values Snabbit at approximately $400-450 million, marking a significant jump from prior rounds.

Previously, Snabbit raised $30 million in Series C led by Bertelsmann in October 2025 and $19 million in Series B from Lightspeed in May 2025.

Company History and Growth

Founded by Aayush Agarwal, Snabbit specializes in hyperlocal, on-demand home services like cleaning and quick household help.

The startup has expanded aggressively, recently absorbing smaller player Pync to bolster its quick services portfolio.

Market Impact in India

India's housework market is valued at $60 billion, with less than 1% currently accessed via apps, presenting huge untapped potential.

This infusion will enable Snabbit to scale across neighborhood clusters and strengthen its service network amid rising competition.

Future plans include venturing into cooking, elder care, and child care to capture more of the burgeoning quick home services sector.

The funding underscores investor confidence in Snabbit's model amid a surge in on-demand home help startups.