India’s Snabbit closes $56M round as investor interest in on-demand home services heats up

In Brief Posted: 8:30 PM PDT · April 27, 2026 Image Credits:Snabbit Jagmeet Singh India’s Snabbit closes $56M round as investor interest in on-demand home services heats up Snabbit, an Indian on-demand home services startup, has closed a $56 million funding round, confirming TechCrunch’s earlier report. Co-led by Susquehanna Venture Capital, Mirae Asset Venture Investments’ Unicorn Growth Fund, and Bertelsmann India Investments, the company’s Series D round values the Bengaluru-based startup at around $350 million, according to a person familiar with the matter. That’s up from $180 million about six months ago. Existing investors Nexus Venture Partners and Lightspeed also participated, alongside FJ Labs. The company has raised about $112 million in total. Founded in 2024, Snabbit said it is now processing over 40,000 jobs daily across a network of more than 15,000 workers in five cities, offering services such as cleaning, dishwashing, and laundry as demand for rapid, on-demand home services grows in urban India. The startup said the amount it loses on each order has fallen about 50%, while its customer acquisition costs have shrunk roughly 65%. Snabbit’s fundraise comes as investor interest in India’s on-demand home services sector heats up, with rival Pronto also in talks to raise fresh capital and publicly traded Urban Company reporting more than one million monthly bookings. Topics Commerce, India, lightspeed venture partners, Mirae Asset Venture Investments, Snabbit, Startups, Susquehanna Venture Capital April 30 San Francisco, CA StrictlyVC kicks off the year in SF. Register now for unfiltered fireside chats and VC insights with leaders from Uber, Replit, Eclipse, and more. Plus, high-value connections that actually move the needle. Tickets are limited. REGISTER NOW Newsletters See More Subscribe for the industry’s biggest tech news TechCrunch Daily News Every weekday and Sunday, you can get the best of TechCrunch’s coverage. TechCrunch Mobility TechCrunch Mobility is your destination for transportation news and insight. Startups Weekly Startups are the core of TechCrunch, so get our best coverage delivered weekly. StrictlyVC Provides movers and shakers with the info they need to start their day. No newsletters selected. Subscribe By submitting your email, you agree to our Terms and Privacy Notice. { "title": "Newsletters", "description": "Subscribe for the industry’s biggest tech news", "showBtn": "1", "newsletters": [{"title":"TechCrunch Daily News","description":"Every weekday and Sunday, you can get the best of TechCrunch\u2019s coverage.","slug":"techcrunch-daily-news","postId":2725851},{"title":"TechCrunch Mobility","description":"TechCrunch Mobility is your destination for transportation news and insight.","slug":"techcrunch-mobility","postId":2725841},{"title":"Startups Weekly","description":"Startups are the core of TechCrunch, so get our best coverage delivered weekly.","slug":"startups-weekly","postId":2725843},{"title":"StrictlyVC","description":"Provides movers and shakers with the info they need to start their day.","slug":"strictlyvc","postId":3027523}], "currentUserEmail": "", "urls": { "expandedSignup": "https://techcrunch.com/newsletters/", "privacyPolicy": "/privacy-policy/", "termsOfService": "/terms-of-service/" } } Related Social Consumers lost $2.1B to social media scams in 2025, FTC reports Aisha Malik 8 hours ago AI OpenAI ends Microsoft legal peril over its $50B Amazon deal Julie Bort 10 hours ago AI…

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