India’s emerging quick home services market is drawing strong investor interest, and startup Snabbit is poised to become the latest beneficiary of this momentum. The company is in advanced discussions to raise $60–$70 million in a fresh funding round as it looks to rapidly scale its on-demand household services platform.
The round, which is still under negotiation, is expected to be led by global investment firms Mirae Asset and Susquehanna International Group (SIG). If finalised, the deal could value the startup at around $350–$400 million, according to people familiar with the matter.
The development highlights the growing investor appetite for startups attempting to bring the speed and convenience of quick commerce to everyday home services.
Credits: TechCrunch
Fresh Capital To Power Expansion
The proposed funding will likely play a key role in accelerating Snabbit’s expansion strategy. The company plans to scale its quick home services platform across more neighbourhood clusters, allowing it to serve customers faster and more efficiently.
A major portion of the capital will also go toward strengthening its supply network of service professionals, ensuring the platform has enough trained workers available to meet rising demand.
Several of Snabbit’s existing investors are expected to participate in the round as well, including:
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Bertelsmann India Investment
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Lightspeed Venture Partners
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Elevation Capital
Their continued participation suggests confidence in the startup’s growth potential and the broader opportunity in the quick home services market.
The Rise of Quick Home Services
The sector Snabbit operates in is gaining traction as urban consumers increasingly look for instant, reliable household assistance. Much like quick commerce platforms deliver groceries within minutes, these startups aim to provide domestic help almost on demand.
Platforms typically offer services such as:
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Home cleaning
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Utensil washing
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Laundry assistance
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Basic household chores
These services are delivered through trained professionals deployed within tightly defined neighbourhood clusters, enabling companies to minimise travel time and improve response speed.
This operational model is crucial because the economics of the business improve significantly when service providers can complete multiple jobs within the same neighbourhood in a short period of time.
Competition Intensifies In A Growing Market
As the opportunity becomes clearer, multiple startups are entering the space and scaling aggressively.
Market leader Urban Company has already been investing heavily in the segment through its InstaHelp vertical. The company recently revealed that the service has crossed 50,000 daily bookings within just a year of launch, highlighting how quickly consumer adoption is growing.
However, building this market is not cheap. Companies are currently spending heavily on customer acquisition, incentives, and discounts to drive early adoption and capture market share.
Urban Company executives have indicated that the vertical remains loss-making in the short term, but the company believes the long-term opportunity justifies the investments.
New Startups And Investors Join The Race
Snabbit is not the only startup attracting capital in this category. Rival platform Pronto recently raised $25 million in a Series B funding round led by Epiq Capital.
The round also saw participation from investors such as:
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Glade Brook Capital
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General Catalyst
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Bain Capital Ventures
Pronto said the fresh capital would be used to expand its presence across cities and grow its supply base of service professionals, mirroring the strategy being pursued by other startups in the space.
A Playbook Similar To Quick Commerce
Industry insiders say the expansion strategy being used by quick home services startups closely resembles the early playbook of India’s quick commerce boom.
The idea is simple: build dense neighbourhood networks, onboard a large number of service professionals, and acquire customers quickly before competitors can establish dominance.
As clusters mature and professionals complete more jobs per day, utilisation improves and unit economics become more favourable.
Credits: Mint
A High-Stakes Race Ahead
With fresh funding flowing into the sector and multiple companies racing to scale, the competition for customers, service professionals, and neighbourhood density is expected to intensify in the coming months.
For startups like Snabbit, securing capital at the right moment could prove critical in establishing an early lead in what many believe could become India’s next major on-demand services market.
