Snabbit

Snabbit

App that connects users with home help providers

Founded

2013

Headquarters

Mumbai (India)

Status

Series A

Company Details

Website

Socials

Email

Phone

9004030470

Snabbit is a rapidly growing Indian startup revolutionizing the on-demand home services industry.Snabbit operates at the intersection of consumer internet and hyperlocal services. The company’s mission is to digitize and organize India’s fragmented home services sector by delivering rapid, reliable, and high-quality solutions for everyday household needs.

Core Products & Services

  • On-Demand Home Services: Cleaning, dishwashing, laundry, and other household chores, available within 10–15 minutes of booking.

  • Full-Stack Workforce Model: End-to-end management of sourcing, training, and deploying service professionals (“Experts”) to ensure quality, trust, and consistency.

  • Tech-Driven Platform: Real-time matching, time-based transparent pricing, and seamless booking via mobile app (Android & iOS).

  • Empowerment & Inclusion: Focus on uplifting women from informal work backgrounds by providing Aadhaar-linked bank accounts, insurance, and steady monthly incomes.

Unique Value Proposition

  • Speed and Reliability: 15-minute arrival guarantee for urgent, high-frequency home services.

  • Quality Assurance: Rigorous selection, training, and verification of professionals, with ongoing quality checks.

  • Worker Empowerment: Structured employment, financial inclusion, and social security for service professionals, many of whom are women.

  • Universal Need: Addresses a massive, underpenetrated market with a daily-utility platform for millions of Indian households.

Business Model & Revenue Streams

  • Direct Service Fees: Customers pay per use for home services (cleaning, laundry, dishwashing, etc.), with transparent, time-based pricing.

  • Dynamic Pricing: Charges are based on hourly rates, with premium pricing for urgent or peak-time bookings.

  • No Subscription Required: The platform caters to both planned and last-minute needs, allowing users to book services on-demand or up to three days in advance.

  • Potential Future Revenue Streams: As the platform scales, Snabbit may introduce value-added services, B2B partnerships (e.g., with apartment complexes), and loyalty programs.

Customer Segmentation

  • B2C: Urban households seeking fast, reliable, and trustworthy home services

  • B2B (Potential): Housing societies, property managers, offices, and co-living spaces needing bulk or recurring services

Growth Strategy

  • Hyperlocal Expansion: Aggressively scaling to 200+ micro-markets in India’s largest cities within the next year.

  • Workforce Development: Doubling the network of trained professionals, with a focus on women’s empowerment and financial inclusion.

  • Technology Investment: Enhancing real-time matching, workforce management, and customer experience via proprietary tech.

  • Brand Building: Leveraging word-of-mouth, quality assurance, and reliability to build a daily-utility brand in Indian homes.

  • Market Disruption: Positioning as the “operating system for rapid home services,” aiming to become as indispensable as ride-hailing and food delivery apps for Indian households.

Key People

Vinit Pandey

Key Metrics

Total Equity Funding

25.5 Million

No. of Funding Rounds

2

Latest Funding Round

$19 Million, Series B

as of January 29, 2025

Post Money Valuation

$22.4 Million

as of January 21, 2025

Funding Multiple

0.87

as of January 21, 2025

Investors

Elevation Capital

and 1 more

Employee Count

50

Similar Companies

Avataar Skincare

Exit Details

N/A

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
January 29, 2025Series B$19 Million--- Lightspeed venture partners
January 21, 2025Series A$5.5 Million$22.4 Million--Elevation Capital, Nexus Venture Partners
May 3, 2024Seed$959.0K---Nexus Venture Partners

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