Summary: Snabbit, a Mumbai-based app providing on-demand home services like cleaning and laundry, has secured $5.5 million in Series A funding led by Elevation Capital, with Nexus Venture Partners and angel investors also participating. Founded in 2024 by Aayush Agarwal, Snabbit employs a full-stack approach, managing everything from sourcing and training to workforce benefits, ensuring reliable and scalable service. The funding will support its expansion beyond Mumbai, team growth, and technological enhancements. Positioned in India\u2019s growing quick-delivery market, Snabbit aims to redefine home services with its hyperlocal, high-frequency model, addressing untapped demand and driving innovation in everyday conveniences.
Mumbai-based Startup Gains Support from Elevation Capital, Nexus Venture Partners, and Prominent Angels
Mumbai, India — Snabbit, a quick-service app specializing in on-demand home services, has successfully raised $5.5 million in its Series A funding round. The investment was led by Elevation Capital, with participation from Nexus Venture Partners and notable angel investors, including Vidit Aatrey, Sanjeev Barnwal, Gaurav Munjal, and Niraj Singh. This round follows a $1 million seed investment by Nexus Venture Partners earlier in 2024.
Revolutionizing Home Services
Founded in 2024 by Aayush Agarwal, the former Chief of Staff at Zepto, Snabbit offers on-demand home services such as general cleaning, dishwashing, and laundry. The app connects users to trained professionals, promising swift service with a 15-minute arrival time. Initially launched in select neighborhoods of Mumbai, the company aims to use the new funds to expand its reach and bolster its team.
“India is an incredible market with immense untapped potential for high-frequency home services,” said Aayush Agarwal, Founder and CEO of Snabbit. “Over the past few months, we’ve been laser-focused on understanding customer pain points and building a model that is not only scalable but truly game-changing. The response has been highly encouraging, with thousands of customers acquired through word-of-mouth within a small serviceable radius.”
Agarwal emphasized that Snabbit’s vision is not merely to build a business but to create a new category that drives innovation and growth in the home services sector.
A Full-Stack Approach for Competitive Edge
Snabbit employs a full-stack approach, managing every aspect of its services—from sourcing and training to managing its workforce. This model ensures reliable, high-quality service delivery while offering steady income and benefits such as health and accident insurance for its workforce. By adopting this strategy, the company seeks to address the fragmented nature of the home services industry and create long-term value for both consumers and service providers.
Investor Confidence
Manish Advani, Vice President at Elevation Capital, expressed optimism about Snabbit’s potential. “Snabbit’s platform, which provides quick, on-demand, and affordable home services through a hyperlocal network of professionals, is a game-changer. Leveraging a unique model to deliver reliable and high-quality services swiftly, they stand out in the home services sector. We are excited to partner with them as they expand from select micro-markets in Mumbai to a pan-India presence, transforming everyday convenience.”
Suvir Sujan, Managing Director at Nexus Venture Partners, highlighted the company’s strategic focus on dense residential clusters. “Snabbit is disrupting the home services industry at the hyperlocal level. Their innovative model benefits both consumers and service providers, setting them apart in this competitive market,” he remarked.
The Growing Market for Quick-Delivery Services
India’s rapid-delivery segment has seen remarkable growth in verticals such as food, medicine, clothing, and groceries. Snabbit aims to carve out its niche by offering high-frequency, on-demand home services—a category with immense untapped potential. By emphasizing a hyperlocal model, the company is well-positioned to capitalize on the growing demand for convenience-driven solutions.
Future Plans
The newly acquired funding will enable Snabbit to scale operations, enhance its technology platform, and expand to additional cities across India. With plans to strengthen its team and deepen its service network, Snabbit is poised to become a leader in the burgeoning on-demand home services sector.
As the company embarks on this new phase of growth, its innovative approach and strong backing from investors underscore its potential to transform the home services industry and redefine everyday convenience for Indian households.
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