India’s rapidly growing quick home services market may soon witness one of its largest funding rounds as Snabbit, a hyperlocal household services startup, is reportedly in discussions to raise $50–60 million in a new funding round. According to sources familiar with the matter, the round is expected to be led by Mirae Asset Venture Investments, with participation likely from existing investor Bertelsmann India Investments.
If finalized, the investment would represent a significant milestone for the company and highlight the increasing venture capital interest in technology platforms that organize India’s largely unstructured domestic services sector.
Building a Quick Home Services Platform
Founded by Aayush Agarwal, Snabbit operates a mobile-based platform that connects users with trained household service professionals for everyday tasks such as cleaning, dishwashing, and laundry. The company focuses on delivering services quickly by leveraging a hyperlocal neighbourhood-based operating model.
Through the Snabbit mobile application, customers can book household assistance within minutes, making it easier to manage routine chores without relying on informal or unverified service providers.
Since its launch, the startup has witnessed rapid growth across urban markets, expanding its operations through localized neighbourhood clusters. The company has built a network of thousands of trained service professionals and reportedly handles thousands of service requests daily across major cities.
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Funding to Support Expansion
The new funding round, if completed, is expected to help Snabbit expand into additional neighbourhood clusters, strengthen its supply network of service professionals, and scale operations across multiple cities.
Expanding supply is a critical factor for quick-service platforms, as maintaining a reliable network of trained professionals allows the company to ensure faster service delivery and improved customer experience.
The fresh capital may also support the company’s efforts to invest in technology, improve operational efficiency, and introduce new service categories.
Previous Funding and Investor Support
Snabbit has already attracted strong investor backing in recent years. In October 2025, the company raised $30 million in a Series C funding round led by Bertelsmann India Investments.
That round also saw participation from well-known venture capital firms including Lightspeed, Elevation Capital, and Nexus Venture Partners, signaling growing investor confidence in the company’s business model.
The potential new funding round led by Mirae Asset would further strengthen Snabbit’s financial position and accelerate its growth plans in the competitive home services sector.
Expanding Beyond Basic Household Tasks
While Snabbit initially focused on services such as cleaning, laundry, and dishwashing, the company plans to expand its offerings into additional categories. Future services under consideration include cooking assistance, childcare, and elder care, which could significantly broaden the platform’s value proposition for households.
By introducing more service categories, Snabbit aims to position itself as a comprehensive household services platform, offering users a single digital solution for multiple domestic needs.
Rising Demand for Quick Home Services
The quick home services segment has emerged as one of the fastest-growing categories within India’s on-demand services economy. As urban lifestyles become increasingly busy, many households are seeking convenient, reliable and technology-driven solutions for daily domestic tasks.
At the same time, startups in this sector are working to formalize India’s traditionally unorganized domestic services market by providing structured employment models, training programs, and verified professionals.
Technology platforms like Snabbit are helping create greater transparency, improved service quality, and faster response times, which are key factors driving adoption among urban consumers.
Growing Venture Capital Interest
The ongoing funding discussions around Snabbit also highlight a broader trend of venture capital interest in high-frequency consumer services platforms. These businesses operate in categories where customers require services frequently, creating opportunities for strong recurring demand.
By combining technology, logistics management, and workforce organization, quick-service platforms are attempting to transform everyday household services into scalable digital businesses.
If the funding round materializes, Snabbit could significantly strengthen its position in the quick home services market and accelerate its mission to modernize and organize India’s domestic services ecosystem through technology.
Ruchi Kumar is the associate editor at Entrepreneur News Network and TVW News India, where she leads editorial strategy, brand storytelling, and startup ecosystem coverage. With a strong focus on innovation, business, and marketing insights, he curates impactful narratives that spotlight India’s evolving entrepreneurial landscape. She has written extensively on fintech, AI and emerging startups.