Inside the Snabbit Valuation, Cap Table & Expansion Blitz!
Snabbit — the Mumbai-based startup that’s making home services as fast as food delivery — just secured ₹162+ crore ($19 million) in a game-changing Series B funding round. The raise was led by Lightspeed Venture Partners, with continued backing from Elevation Capital and Nexus Venture Partners.
With a post-money valuation of $80 million, this isn’t just a capital infusion — it’s a statement: Snabbit is India’s next big consumer-tech breakout.
What is Snabbit & Why is Everyone Talking About It?
Founded in 2024 by Aayush Agarwal, Snabbit is an on-demand home services app that lets users book cleaners, dishwashers, and laundry helpers with just a tap — and they arrive within 10 minutes. Think of it like Swiggy for home chores, but with trained, insured, and background-verified professionals.
The company operates on a full-stack model, controlling every part of the worker lifecycle — from sourcing and training to deployment. That means no third-party vendors, no inconsistency — just reliability and speed.
Breaking Down Snabbit’s Series B Funding (May 2025)
Total Raised: $19 million (₹162 crore)
Investors:
Lightspeed Venture Partners – ₹94 crore (~$11M)
Elevation Capital – ₹34 crore (~$4M)
Nexus Venture Partners – ₹34 crore (~$4M)
Post-Money Valuation:
₹684 crore (~$80 million) — a 3.5x jump from its previous valuation of $23 million in Series A.
Updated Cap Table (After Series B)
Shareholder | Stake (%) |
|---|---|
Aayush Agarwal (Founder) | 36.08% |
Nexus Venture Partners | 23.69% |
Elevation Capital | 19.92% |
Lightspeed Venture | 13.75% |
This shows Aayush still retains founder control, while the VC trio holds strategic leverage.
What’s Next for Snabbit?
Snabbit will use the fresh capital to:
Expand to 200+ micro-markets across India within 9 months
Hire aggressively across operations, tech, and customer service
Scale its tech: CRM tools, auto-scheduling, smart routing, eKYC, and backend workflows
Empower the workforce with insurance, training, and safety-first design
And with India’s gig economy booming and households increasingly outsourcing chores, Snabbit is in a prime position to become the Urban Company killer.
What Makes Snabbit Different?
Snabbit isn’t just another services aggregator. Here’s why it’s special:
10-minute arrival promise
Time-based pricing: ₹169 to ₹499 for up to 240 minutes
Women-centric hiring model: Many professionals are women trained in household tasks
Insured & trained experts with live tracking and SOS support
End-to-end control: No outsourced chaos — it’s all in-house
Market Context: Why Now?
The Indian services market is fragmented and often unreliable. With competitors like Urban Company pivoting to subscription models, Snabbit’s “book now, serve now” approach is lightning-fast and built for India’s metros and Tier 1 chaos.
Analysts are calling it “Zomato-meets-UrbanCompany.”
Watch This: Quick-service Platform Snabbit Secures $19 M In Series B Round:
References:
Snabbit’s Series B is more than just a round — it’s the launchpad of India’s next unicorn. With lightning-fast services, a mission-driven team, and serious VC backing, Snabbit is turning heads in the consumer tech space.
Also Read: Udaan Raises $114 Million in Series G Round to Accelerate Growth Ahead of IPO
