Snabbit raises $30 million to expand its local services platform
Snabbit, a Bengaluru-based app that connects you with pros for chores like cleaning and laundry, just scored $30 million in fresh funding.
The Series C round—led by Bertelsmann and backed by Lightspeed, Elevation, and Nexus Venture Partners—comes hot on the heels of their $19 million raise earlier this year.
The cash will help Snabbit grow its user base following its recent move to Bengaluru.
Bertelsmann takes a stake in Snabbit
This latest round bumps Snabbit's valuation to over ₹1,516 crore ($172 million), more than double what it was before.
Post-funding, Bertelsmann now owns 8.5% of the company; Nexus Venture Partners stays the biggest external shareholder at 21.24%, with Elevation Capital and Lightspeed holding 19.93% and 14.79%.
Founded in 2024, Snabbit is now aiming to take on rivals like Urban Company and Pronto by leveling up its offerings for users across India.