Snabbit Secures $56 Million Funding from Leading Investors, Including Mirae Asset and SIG

Snabbit Raises $56 Million in Series D Funding Round

Snabbit, a quick home services startup, has secured $56 million in a Series D funding round co-led by Susquehanna Venture Capital (SIG), Mirae Asset Venture Investments, and existing backer Unicorn Growth Fund. The funding round values the company at around $350-400 million.

The fresh capital will be used to expand into new cities, deepen penetration in existing markets, and strengthen its technology and operational infrastructure as Snabbit scales up to meet rising demand in the segment. The company has stated that the funds will also be used to expand its services and increase its customer base.

Existing investors Nexus Venture Partners and Lightspeed also participated in the round, while FJ Labs joined as a new investor. With this funding, Snabbit's total capital raised has crossed $112 million.

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Snabbit's Funding History

Founded in 2024, Snabbit has emerged as one of the most aggressively funded startups in the instant home services category, completing four rounds in approximately 15 months.

The latest funding round comes as the instant home services segment experiences breakneck growth in both user adoption and transaction volumes. Snabbit is currently delivering more than 40,000 jobs a day, up from 400 a year ago, and has crossed 1 million monthly jobs. The company operates across 140 micro-markets through a network of 15,000 service professionals.

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This growth aligns with broader market trends. A recent Morgan Stanley research note estimated that the combined monthly active users across Urban Company, Snabbit, and Pronto crossed 10.4 million in March. The note also stated that Snabbit accounted for 26 percent of category app downloads in March, compared with 43 percent for Pronto and 31 percent for Urban Company.

The instant home services category has become one of the hottest battlegrounds in Indian consumer internet, with startups racing to lock in neighbourhood-level supply and demand before the market matures. Rival Pronto is also in advanced talks to raise $15–20 million in an extension round led by Lachy Groom. Meanwhile, Urban Company continues to invest heavily in scaling its InstaHelp vertical, as the battle for dominance in India's emerging instant home services market intensifies.