India’s urge for food for fast comfort — as soon as confined to meals and grocery supply — is increasing into home assist. That shift has helped Snabbit, an on-demand home-help startup, safe $30 million in new funding and elevate its valuation to $180 million, up from $80 million 5 months in the past.
The all-equity Collection C spherical — Snabbit’s third fundraise in 9 months — was led by Bertelsmann India Investments, with participation from current backers Lightspeed, Elevation Capital, and Nexus Enterprise Companions. The newest infusion brings the startup’s complete funding to $55 million.
Snabbit’s recent funding follows a pointy rise in exercise, with the Bengaluru-based startup rising from about 1,000 jobs a day in Might to greater than 10,000 day by day bookings. The corporate crossed 300,000 complete orders in October, founder and CEO Aayush Agarwal mentioned in an interview with TechCrunch.
Based in 2024, Snabbit gives a spread of on-demand dwelling providers for city households, together with cleansing, dishwashing, laundry, and kitchen prep by way of a 100% women-led fleet of 5,000 consultants. The startup operates by way of a hyperlocal community of educated staff stationed round dense residential clusters, promising service inside 10 minutes.
At the moment, Snabbit serves 40 micro markets throughout 5 main cities, specifically Mumbai, Bengaluru, Gurugram, Noida, and Pune. It plans to develop its presence in these cities and enter Hyderabad, Chennai, Delhi, and Calcutta very quickly, Agarwal advised TechCrunch.
Snabbit has served greater than 300,000 prospects, up from 25,000 in Might, and expects so as to add one other 100,000 as early as subsequent month. Most of its customers are between 30 and 40 years previous, together with bachelors and dealing professionals.
A few of Snabbit’s prospects are those that are not looking for full-time home assist however want an advert hoc resolution. “We’re basically taking inefficiency in the model and plugging that, rather than saying, ‘Hey, this was happening offline, and now we’ll do it online’,” mentioned Agarwal.
The startup reviews a 30–35% retention charge and tasks to achieve annual recurring income of $11 million this month. Furthermore, it has a buyer acquisition price of “well below” ₹500 (roughly $6), Agarwal advised TechCrunch.
Snabbit’s providers are priced at round ₹150 (about $2) per hour, with a median ticket measurement of round ₹240 (roughly $3).
Staff on the platform earn between ₹25,000–₹30,000 (roughly $284–$340) a month, relying on the hours they work. The startup has additionally diminished the common strolling distance for its staff between two jobs from 300 meters to 250 meters, giving them extra time to serve prospects.
Snabbit will not be alone within the race to supply fast, on-demand dwelling providers in India. City Firm pioneered the pattern and was later adopted by startups corresponding to Broomees and Pronto. City Firm now plans to double down on immediate dwelling providers to remain forward of rising competitors, although Snabbit says it doesn’t see that as a problem.
“In a hyper-local business, you don’t win pan India, you don’t win cities, you win micro markets. And today, out of the micro markets where we both [Snabbit and Urban Company] are present, Snabbit is leading in more micro markets because we have taken a very positive strategy to build depth as opposed to build breadth,” Agarwal mentioned.
The brand new funding will assist Snabbit strengthen its presence and develop into high-frequency classes corresponding to cooking, little one care, and aged care.
