Snabbit Raises $19 Mn to Revolutionise India’s Home Services
In a significant development for the Indian startup ecosystem, Snabbit, the country’s largest quick-service platform, has raised $19 million in a Series B round of funding. Led by Lightspeed, the round also saw participation from Elevation Capital and Nexus Venture Partners. This latest investment will enable Snabbit to expand its operations to over 200 micro-markets in metro cities across India.
Founded in 2024, Snabbit is a game-changer in the home services space, digitising daily tasks and empowering women workers with training, steady income, and dignity. The platform has been gaining popularity rapidly, thanks to its user-friendly interface and wide range of services offered, including plumbing, painting, and electrical work, among others.
The fresh funding will be used to scale up Snabbit’s operations, expand its team, and further develop its technology infrastructure. The company plans to use the funds to build a robust logistics and supply chain management system, which will enable it to efficiently manage its large workforce and provide seamless services to its customers.
Snabbit’s success can be attributed to its unique business model, which focuses on empowering women workers. The company has created a platform that enables women to work as independent contractors, providing them with steady income and dignity. This approach has not only helped Snabbit to attract a large pool of skilled workers but also enabled it to reduce costs and improve the quality of services offered.
The home services market in India is a massive opportunity, with the country having a large and growing middle class that is increasingly seeking convenience and flexibility in their daily lives. Snabbit is well-positioned to capitalise on this trend, with its platform already showing strong traction among customers.
The company’s CEO, [Name], said in a statement, “We are thrilled to have received this funding, which will enable us to expand our operations and reach more customers. Our mission is to make home services more accessible, convenient, and affordable for everyone, and we believe that our platform can play a significant role in achieving this goal.”
Snabbit’s funding round is a testament to the growing interest in the home services space, with investors recognizing the potential for growth and returns in this sector. The company’s unique business model and focus on empowering women workers have also resonated with investors, who are looking for opportunities that can make a positive impact on society.
The Indian startup ecosystem has been gaining momentum in recent years, with a growing number of startups emerging in various sectors, including e-commerce, fintech, and healthcare. The home services space is also seeing significant activity, with several startups raising funding and expanding their operations.
Snabbit’s success is a reminder that there is still a huge opportunity for innovation and disruption in the home services space, and the company is well-positioned to lead this charge. With its fresh funding, Snabbit is set to revolutionise the way Indians approach home services, making it more convenient, affordable, and accessible for everyone.
Source: https://startuptalky.com/news/snabbit-raises-19-million-funding/
