January 21, 2025: Snabbit, a quick-commerce startup offering on-demand home services, has raised $5.5 million in Series A round funding to invest in its expansion plans to new locations beyond Mumbai and build a strong talent pool.
Snabbit founder and CEO Aayush Agarwal noted “Over the past few months, we’ve been extremely focused on understanding customer pain points and building a model that is not only scalable but truly game-changing.”
“The response, so far, has been highly encouraging—we’ve acquired thousands of customers within just a few kilometers of serviceable radius, driven primarily by strong word-of-mouth. This is just the beginning of what we see as a massive opportunity,” Agarwal added.
Founded in 2024 by Agarwal, Zepto’s former chief of staff, Snabbit offers trained personnel within 15 minutes for multiple home tasks such as general cleaning, dishwashing, and laundry.
Snabbit’s funding round comes at a time when several quick delivery startups are crowding the market, such as Swish, Zing and FirstClub. The startups are foraying into markets dominated by large providers with the likes of Blinkit, Zepto and Swiggy Instamart.
Current trends indicate a strong upward adoption of 15-minute grocery deliveries services, firms are venturing into new categories including clothing, medicines and food delivery.
Snabbit Accelerates Full-Stack Services Approach
The quick delivery player revealed it is adopting a full-stack approach while offering its services, all the way from sourcing, training, and managing its experts – a move the company hopes will filip to a competitive edge in the now crowded quick delivery market.
Manish Advani, vice president, Elevation Capital, said “Snabbit’s platform, which provides quick, on-demand and affordable home services through a hyperlocal network of professionals, is a game-changer. Leveraging a unique model to deliver reliable and high-quality services swiftly, they stand out in the home services sector.”
The latest round of funding was led by Elevation Capital, with participation from Nexus Venture Partners. According to the company statement, the round also saw participation from prominent angel investors including Meesho’s Vidit Aatrey and Sanjeev Barnwal, Unacademy’s Gaurav Munjal and Spinny’s Niraj Singh.
The round follows an earlier $1 million seed investment by Nexus Venture Partners in early 2024.