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 Sequence 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 most recent 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 each 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 affords a variety of on-demand residence companies for city households, together with cleansing, dishwashing, laundry, and kitchen prep by means of a 100% women-led fleet of 5,000 consultants. The startup operates by means of a hyperlocal community of educated staff stationed round dense residential clusters, promising service inside 10 minutes.
At present, 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 informed TechCrunch.
Snabbit has served greater than 300,000 clients, 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 Most of its customers are between 30 and 40 years outdated, together with bachelors and dealing professionals.
A few of Snabbit’s clients are those that don’t want full-time home assist however want an advert hoc resolution. “We’re mainly taking inefficiency within the mannequin and plugging that, relatively than saying, ‘Hey, this was taking place offline, and now we’ll do it on-line’,” mentioned Agarwal.
The startup studies a 30–35% retention fee and tasks to achieve annual recurring income of $11 million this month. Furthermore, it has a buyer acquisition price of “effectively beneath” ₹500 (roughly $6), Agarwal informed TechCrunch.
Snabbit’s companies are priced at round ₹150 (about $2) per hour, with a mean ticket dimension of round ₹240 (roughly $3).
Employees 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 typical strolling distance for its staff between two jobs from 300 meters to 250 meters, giving them extra time to serve clients.
Snabbit just isn’t alone within the race to supply fast, on-demand residence companies in India. City Firm pioneered the pattern and was later adopted by startups akin to Broomees and Pronto. City Firm now plans to double down on immediate residence companies to remain forward of rising competitors, although Snabbit says it doesn’t see that as a problem.
“In a hyper-local enterprise, you don’t win pan India, you don’t win cities, you win micro markets. And at the moment, out of the micro markets the place we each [Snabbit and Urban Company] are current, Snabbit is main in additional micro markets as a result of we’ve taken a really optimistic technique to construct depth versus construct breadth,” Agarwal mentioned.
The brand new funding will assist Snabbit strengthen its presence and develop into high-frequency classes akin to cooking, baby care, and aged care.
