Snabbit seeks $450 million valuation as it expands home services platform
Business
Snabbit, a Bengaluru-based startup for on-demand home services, is looking to raise its next round of funding at a $450 million valuation.
The company has already secured $56 million so far, with its last round valuing it at $180 million.
Founded in 2024, Snabbit lets you book trusted experts for chores like cleaning or laundry, and they show up in just 10 minutes.
Rapid growth and a booming market
Available in Mumbai, Delhi NCR, Bengaluru, and Pune, Snabbit has served more than 300,000 customers.
Services are time-based and the platform promises experts in as little as 10-15 minutes.
With India's home services market set to jump from $60 billion to $100 billion by the end of the decade (by 2029), there's plenty of room for Snabbit to grow.