Private Equity PE-VC Fund Investments
On-demand home service provider Snabbit raises $56-M from Susquehanna VC, Mirae Asset, Bertelsmann
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Mumbai-based quick home services startup Snabbit has raised USD 56 million in a Series D round co-led by Susquehanna Venture Capital, Mirae Asset Venture Investments, and Bertelsmann India Investments, with participation from Nexus Venture Partners and Lightspeed.Founded in 2024, Snabbit operates in the quick home services category through an on-demand, app-driven model. Snabbit focuses on aggregating supply, standardising service quality, and reducing wait times for instant fulfilment. The network comprises over 15,000 service professionals, all women, and operates across Bangalore, Delhi, Ghaziabad, Gurugram, Hyderabad and MumbaiThe fresh funding will be used to further develop the instant home services category, which integrates the gig economy with urban convenience and the formalisation of domestic work.
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Between May-24 and Oct-25, Snabbit had attracted about USD 55.5 M from Bertelsmann India Investments, Elevation Capital, Lightspeed Ventures, Nexus Venture Partners, and others.For FY25, Snabbit had reported about INR 0.26 Cr in Operating Income and about INR 5.7 Cr in Net Loss.