Quick home services startup Snabbit is reportedly in advanced discussions to raise $60–70 million in a new funding round led by global investors Mirae Asset and Susquehanna International Group (SIG), according to sources familiar with the development.
The funding round, which is currently under negotiation, is expected to value the company at around $350–400 million. Existing investors including Bertelsmann India Investment (BII), Lightspeed Venture Partners, and Elevation Capital are also likely to participate.
Funding to support expansion and supply network
The fresh capital is expected to help Snabbit expand its quick home services platform into more neighbourhood clusters while strengthening its network of service professionals.
The startup focuses on providing on-demand household services such as cleaning, laundry, utensil washing, and basic home chores, typically delivered within minutes through a hyperlocal service network.
The company and the investors involved have not officially commented on the funding discussions so far.
Quick home services emerging as a high-growth category
Snabbit’s fundraising discussions come at a time when India’s quick home services segment is witnessing rapid growth, with multiple startups entering the space to replicate the success formula of quick commerce.
The business model depends heavily on building dense neighbourhood clusters and ensuring fast service delivery, allowing companies to capture early market share in what is expected to become a large urban services market.
Urban Company leads the category
Market leader Urban Company has been aggressively expanding its presence in this segment through its InstaHelp vertical. The company recently revealed that the service crossed 50,000 daily bookings within just one year of launch, highlighting the fast adoption of quick home services.
Despite being loss-making currently, the company continues to invest in customer acquisition through discounts and incentives to build long-term demand.
Competition heating up with new funding activity
Competition in the segment is also increasing as new players raise capital to scale operations. Recently, startup Pronto raised $25 million in a Series B round led by Epiq Capital, with participation from Glade Brook Capital, General Catalyst, and Bain Capital Ventures.
The company said the funding would be used to expand into more cities and increase its supply base of service professionals.
Early land-grab strategy playing out
Industry experts believe the economics of quick home services improve significantly once neighbourhood density increases and service professional utilisation rises. This has triggered a race among startups to acquire customers early and build strong supply networks.
The strategy mirrors the early expansion playbook of India’s quick commerce companies, where speed, density, and convenience became key competitive advantages.
With fresh investments flowing into the sector and multiple startups scaling simultaneously, the battle for market share in India’s quick home services segment is expected to become even more intense in the coming year.