Existing investors Bertelsmann India Investments, Nexus Venture Partners, and Lightspeed, and new investor FJ Labs Inc also participated in this round. The company now has a post-money valuation of $350-400 million.
Snabbit’s latest round comes six months after its $31.7 million raise in October 2025. So far it has raised $112 million in total.
“With this capital, we are well-capitalised for the next few years. It allows us to focus on long-term company building, expand into new micro markets and cities, and explore new categories,” said Agarwal.
He added that the company’s focus remains largely on on-demand home services, with about 5% of their focus dedicated to new categories such as home cooks. “After home services, we are piloting home cooks and will scale in Bengaluru over the next three months,” he said.
Snabbit is currently operational in Delhi NCR, Mumbai, Bengaluru, Hyderabad, and Pune. It helps households connect with trained professionals for tasks such as cleaning, dishwashing, and laundry.
The fundraising comes at a time when the home help segment is drawing increased venture capital interest. Last week, ET reported that US-based tech investor Lachy Groom, known for his crypto and software bets, is in talks to back rival Pronto with a $15-20 million cheque, likely valuing the company at $200 million.
However, the growth of these companies requires high cash burn. Between August and December 2025, the industry’s monthly burn more than doubled to $7-8 million from $2-3 million.
Speaking about this, Agarwal said that subsidies offered to users are common in new categories, but Snabbit has significantly reduced them over the last three months. “Burn per order has dropped 50% while scaling 10 times. The focus is on fiscal discipline and sustainable growth. Prices are unlikely to rise significantly; efficiencies from higher utilisation will support sustainable pricing,” he said.
Bhavanipratap Rana, investment advisor, Susquehanna VC, said home services is one of India’s largest and most underpenetrated consumer categories, but also one of the hardest to organise well. “Snabbit’s focus on operational resilience and improving unit economics as they scale gives us confidence in the opportunity.”
Puneet Kumar, CEO, Mirae Asset Venture Investments India, said the depth of customer engagement, the pace of scale, and the frequency of usage stand out at this stage. “By creating value on both sides of the marketplace, we believe Snabbit is building a durable business.”