2013
Mumbai (India)
Series A
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.
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.
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.
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.
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
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.
25.5 Million
2
$19 Million, Series B
as of January 29, 2025
$22.4 Million
as of January 21, 2025
0.87
as of January 21, 2025
Elevation Capital
and 1 more50
Avataar Skincare
N/A
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
January 29, 2025 | Series B | $19 Million | - | - | - | Lightspeed venture partners |
January 21, 2025 | Series A | $5.5 Million | $22.4 Million | - | - | Elevation Capital, Nexus Venture Partners |
May 3, 2024 | Seed | $959.0K | - | - | - | Nexus Venture Partners |