Bengaluru's Snabbit Raises $30M Series C to Expand India Micro-Markets
Bengaluru's Snabbit Raises $30M Series C to Expand India Micro-Markets

Bengaluru's Snabbit Raises $30M Series C to Expand India Micro-Markets

News summary

Snabbit, a Bengaluru-based quick service startup founded in 2024 by Aayush Agarwal, has rapidly expanded its on-demand domestic help platform, securing $30 million in Series C funding led by Bertelsmann Nederland BV. This latest round, which includes participation from existing investors Lightspeed, Elevation Capital, and Nexus Venture Partners, pushed Snabbit's valuation to approximately $172 million, more than doubling its previous valuation. The company plans to use the funds to expand its workforce from around 2,500 to over 820,000 trained professionals, scale its geographic presence to 200 micro-markets across major Indian cities, and enhance its AI-driven logistics and technology infrastructure. Snabbit, which offers vetted and trained domestic help services within 10–15 minutes via its app, has already established a presence in Mumbai, Bengaluru, and Delhi NCR, serving over 6,000 families. The startup recently relocated its headquarters from Mumbai to Bengaluru and appointed new leadership to support its growth ambitions. Positioned to compete with rivals like Urban Company, Snabbit aims to capture a significant share of India's $45 billion instant home services market by focusing on quality assurance and rapid service delivery.

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