By Abhay Ray 
Introduction
Mumbai-based Snabbit which provides home services in 10 minutes, is in talks to raise about $20 Mn (about INR 170 Cr) in its Series B funding round, which will be led by Lightspeed Ventures, The discussions are in advanced stages and the round is expected to be finalised soon, they added. “Snabbit has received the term sheet from Lightspeed Ventures. If things go well, they will be leading the round, while existing investors will also participate,” said one of the sources. Existing investors Elevation Capital and Nexus Venture Partners will participate in the round, along with a number of angel investors. While Snabbit declined to comment, Lightspeed Ventures didn’t respond to Inc42’s queries on the funding round till the time of publishing this story.
What is Snabbit?
Founded in 2024 by Aayush Agarwal, who was Zepto’s former chief of staff, Snabbit is an on-demand home services platform. It provides professionals for services such as cleaning, laundry, kitchen needs, and more.
The idea of Snabbit is to revolutionize the home services market in India. The company aims to connect users to nearby professionals for everyday chores. The key selling point of Snabbit was the platform helps you get professionals at your doorsteps for your home service within the span of 15 minutes.The startup’s services are currently available in Mumbai. Snabbit will use the funds raised in the Series B round to expand its service area in Mumbai.
The development comes months after the startup raised $5.5 Mn in its Series A funding round in January this year. Back then, Agarwal told that the startup would utilise the Series A funding for opening new micro markets in Mumbai over the next six to nine months and expanding its customer base.
How Can Snabbit Make Money?
By being a company whose business is both recurring and profitable, Snabbit is more attractive and more sustainable beyond just a period. The company generates income by taking a commission from each transaction. Customers are billed for the time the service expert undertakes the task, for example, the service provider may end up paying quite a bit to perform data recovery, a service that is flexible and cost-efficient.
Through its exclusive strategy of numerous, low-value transactions, Snabbit thus seeks high rates of utilization of the services of each person. This model secures the perpetual aggregation of funds to capital while at the same time bringing about the exposure of the customer base to an enjoyable and accessible service.
The Quick Commerce Boom
While quick commerce started with groceries, it has grown by leaps and bounds over the last few years and startups are now trying to disrupt multiple categories. A number of startups like Plazaa, Blitz, Slikk, WAAYU, Zing and Swish are operating in sectors like fashion, healthcare, shoes, food, and more to provide 10-minute services.
Meanwhile, the competition is also intensifying in the 10-minute home service space. One of the biggest competitors for Snabbit is IPO-bound Urban Company. The Delhi-NCR based startup recently launched ‘Insta Help’ to provide househelp in 10 minutes. Urban Company plans to raise INR 429 Cr via a fresh issue through its IPO to further strengthen its position.
Earlier this month, Delhi NCR-based Pronto also raised $2 Mn in its seed funding round from Bain Capital Ventures, a month after launching its services. Founded by Anjali Sardana, Pronto claims to offer on-demand house help services in 10 minutes at any time of the day in parts of Gurugram. It allows users to book professionally-trained workers through its app with three different timing options – instant (10 minutes), scheduled ahead, or recurring.
Strategic Backing from Leading Investors
Talking about the investment, 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. We are excited to partner with them on this journey as they grow from select micro markets in Mumbai to pan-India, transforming everyday convenience.”
Suvir Sujan, Managing Director, Nexus Venture Partners, mentioned, “Snabbit is disrupting the home services industry at the hyperlocal level. We have been impressed by the vision and execution of the team.”
With a hyperlocal network operating in dense residential clusters, Snabbit has launched a unique business model that focuses on quality as well as speed. By adopting a full-stack approach to sourcing, training, and managing its experts, Snabbit ensures stable income and essential benefits like health and accident insurance for its supply cohort, thus empowering a workforce that has long been fragmented and unorganized. Snabbit’s dual focus on customer convenience and welfare for its experts creates a win-win ecosystem, redefining the on-demand home services industry.
Conclusion
Snabbit is emerging as a strong contender in the fast-growing 10-minute home services space, backed by strategic investors and an innovative full-stack model. With its potential $20 Mn Series B funding round led by Lightspeed Ventures, the startup is poised to scale rapidly across Mumbai and beyond. By focusing on hyperlocal delivery, customer convenience, and worker welfare, Snabbit is not only disrupting the home services sector but also setting new industry benchmarks. As competition intensifies, especially with players like Urban Company and Pronto entering the race, Snabbit’s blend of speed, reliability, and social impact could be its key differentiator in building a scalable and sustainable business.
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