No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Tuesday, July 28, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Startups

India’s Snabbit valuation doubled to $180M in 5 months on its quick house-help bet

by TheAdviserMagazine
9 months ago
in Startups
Reading Time: 3 mins read
A A
India’s Snabbit valuation doubled to 0M in 5 months on its quick house-help bet
Share on FacebookShare on TwitterShare on LInkedIn


India’s appetite for instant convenience — once confined to food and grocery delivery — is expanding into house help. That shift has helped Snabbit, an on-demand home-help startup, secure $30 million in new funding and lift its valuation to $180 million, up from $80 million five months ago.

The all-equity Series C round — Snabbit’s third fundraise in nine months — was led by Bertelsmann India Investments, with participation from existing backers Lightspeed, Elevation Capital, and Nexus Venture Partners. The latest infusion brings the startup’s total funding to $55 million.

Snabbit’s fresh funding follows a sharp rise in activity, with the Bengaluru-based startup growing from about 1,000 jobs a day in May to more than 10,000 daily bookings. The company crossed 300,000 total orders in October, founder and CEO Aayush Agarwal said in an interview with TechCrunch.

Founded in 2024, Snabbit offers a range of on-demand home services for urban households, including cleaning, dishwashing, laundry, and kitchen prep through a 100% women-led fleet of 5,000 experts. The startup operates through a hyperlocal network of trained workers stationed around dense residential clusters, promising service within 10 minutes.

Currently, Snabbit serves 40 micro markets across five major cities, namely Mumbai, Bengaluru, Gurugram, Noida, and Pune. It plans to expand its presence in these cities and enter Hyderabad, Chennai, Delhi, and Calcutta very soon, Agarwal told TechCrunch.

Snabbit has served more than 300,000 customers, up from 25,000 in May, and expects to add another 100,000 as early as next month. Most of its users are between 30 and 40 years old, including bachelors and working professionals.

Snabbit founder and CEO Aayush Agarwal with a few of its women expertsImage Credits:Snabbit

Some of Snabbit’s customers are those who do not want full-time house help but prefer an ad hoc solution. “We’re basically taking inefficiency in the model and plugging that, rather than saying, ‘Hey, this was happening offline, and now we’ll do it online’,” said Agarwal.

The startup reports a 30–35% retention rate and projects to reach annual recurring revenue of $11 million this month. Moreover, it has a customer acquisition cost of “well below” ₹500 (roughly $6), Agarwal told TechCrunch.

Snabbit’s services are priced at around ₹150 (about $2) per hour, with an average ticket size of around ₹240 (roughly $3).

Workers on the platform earn between ₹25,000–₹30,000 (approximately $284–$340) a month, depending on the hours they work. The startup has also reduced the average walking distance for its workers between two jobs from 300 meters to 250 meters, giving them more time to serve customers.

Snabbit is not alone in the race to offer quick, on-demand home services in India. Urban Company pioneered the trend and was later followed by startups such as Broomees and Pronto. Urban Company now plans to double down on instant home services to stay ahead of rising competition, though Snabbit says it does not see that as a challenge.

“In a hyper-local business, you don’t win pan India, you don’t win cities, you win micro markets. And today, out of the micro markets where we both [Snabbit and Urban Company] are present, Snabbit is leading in more micro markets because we have taken a very positive strategy to build depth as opposed to build breadth,” Agarwal said.

The new funding will help Snabbit strengthen its presence and expand into high-frequency categories such as cooking, child care, and elderly care.



Source link

Tags: 180mBetdoubledhousehelpIndiasMonthsQuickSnabbitvaluation
ShareTweetShare
Previous Post

Building the Foundation for the Future of Services: Inside the York IE Hub

Next Post

Groww announces IPO dates as regulatory uncertainty looms over stock brokers

Related Posts

edit post
A study asked people to spend fifteen minutes a week walking outdoors while deliberately looking for things that amazed them, and by the eighth week their selfies showed them smaller in the frame and smiling more.

A study asked people to spend fifteen minutes a week walking outdoors while deliberately looking for things that amazed them, and by the eighth week their selfies showed them smaller in the frame and smiling more.

by TheAdviserMagazine
July 27, 2026
0

There is something wonderfully strange about a psychology study that finds part of its answer in the way people frame...

edit post
The Weekly Notable Startup Funding Report: 7/27/26 – AlleyWatch

The Weekly Notable Startup Funding Report: 7/27/26 – AlleyWatch

by TheAdviserMagazine
July 27, 2026
0

The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of...

edit post
Ambition doesn’t fade in your 40s — a Gallup analysis suggests it quietly redirects, from wanting to be seen as impressive to wanting to be trusted by a small handful of people

Ambition doesn’t fade in your 40s — a Gallup analysis suggests it quietly redirects, from wanting to be seen as impressive to wanting to be trusted by a small handful of people

by TheAdviserMagazine
July 27, 2026
0

The cliché about midlife is that ambition softens. That people in their forties stop pushing, stop reaching, settle into the...

edit post
Before You Spend K on Ads: What Actually Determines Whether Paid Media Works

Before You Spend $5K on Ads: What Actually Determines Whether Paid Media Works

by TheAdviserMagazine
July 25, 2026
0

A Series B SaaS company came to us ready to put $8,000 a month into LinkedIn. Budget approved. Creative in...

edit post
The company behind Singha beer removed one of its heirs from every executive role days after an abuse allegation went public — a reckoning Asian family dynasties usually avoid

The company behind Singha beer removed one of its heirs from every executive role days after an abuse allegation went public — a reckoning Asian family dynasties usually avoid

by TheAdviserMagazine
July 25, 2026
0

On May 19, Boonrawd Brewery — the family-owned company behind Singha, the beer brand nearly synonymous with Thailand — announced...

edit post
Uniti AI Raises M to Put AI Agents in Every Corner of Property Operations – AlleyWatch

Uniti AI Raises $12M to Put AI Agents in Every Corner of Property Operations – AlleyWatch

by TheAdviserMagazine
July 24, 2026
0

Real estate is one of the world’s most operationally intensive industries, yet the work of running a portfolio – answering...

Next Post
edit post
Groww announces IPO dates as regulatory uncertainty looms over stock brokers

Groww announces IPO dates as regulatory uncertainty looms over stock brokers

edit post
Smart Intake & The Future of Client Intake

Smart Intake & The Future of Client Intake

  • Trending
  • Comments
  • Latest
edit post
Georgia Senior SNAP and Meal Resources Older Adults Can Use

Georgia Senior SNAP and Meal Resources Older Adults Can Use

July 24, 2026
edit post
New Jersey Tax-Relief Events: Three July Dates Near Seniors

New Jersey Tax-Relief Events: Three July Dates Near Seniors

July 13, 2026
edit post
Retail giant exits U.S. fashion after multi-million-dollar scandal

Retail giant exits U.S. fashion after multi-million-dollar scandal

July 1, 2026
edit post
Bristlecone pines growing in the White Mountains of California germinated before the Great Pyramid was built, and the oldest one alive today, nicknamed Methuselah, has been quietly adding rings for 4,855 years in soil so poor almost nothing else survives beside it

Bristlecone pines growing in the White Mountains of California germinated before the Great Pyramid was built, and the oldest one alive today, nicknamed Methuselah, has been quietly adding rings for 4,855 years in soil so poor almost nothing else survives beside it

July 8, 2026
edit post
Top Democrats Are Trapped in a Catch 22

Top Democrats Are Trapped in a Catch 22

July 6, 2026
edit post
2 judges suspended in separate cases after being indicted on criminal charges

2 judges suspended in separate cases after being indicted on criminal charges

July 9, 2026
edit post
South Korea’s Kospi tanks 10% despite US-Iran war optimism. Here are 4 reasons why

South Korea’s Kospi tanks 10% despite US-Iran war optimism. Here are 4 reasons why

0
edit post
The Key To Growing Your 2 Accounts

The Key To Growing Your 2 Accounts

0
edit post
Kalshi tiptoes back into canceled flight markets with JFK airport wager

Kalshi tiptoes back into canceled flight markets with JFK airport wager

0
edit post
The H-1B Visa Scam: Importing Cheap Labor While Americans Are Laid Off

The H-1B Visa Scam: Importing Cheap Labor While Americans Are Laid Off

0
edit post
Hong Kong Prepares Banks for Quantum Threats

Hong Kong Prepares Banks for Quantum Threats

0
edit post
5 Signs You May Be Financially Struggling in Retirement

5 Signs You May Be Financially Struggling in Retirement

0
edit post
The H-1B Visa Scam: Importing Cheap Labor While Americans Are Laid Off

The H-1B Visa Scam: Importing Cheap Labor While Americans Are Laid Off

July 28, 2026
edit post
Kalshi tiptoes back into canceled flight markets with JFK airport wager

Kalshi tiptoes back into canceled flight markets with JFK airport wager

July 27, 2026
edit post
South Korea’s Kospi tanks 10% despite US-Iran war optimism. Here are 4 reasons why

South Korea’s Kospi tanks 10% despite US-Iran war optimism. Here are 4 reasons why

July 27, 2026
edit post
Hong Kong Prepares Banks for Quantum Threats

Hong Kong Prepares Banks for Quantum Threats

July 27, 2026
edit post
Which States Are Lowering Income Taxes? Here’s Where Rates Are Changing

Which States Are Lowering Income Taxes? Here’s Where Rates Are Changing

July 27, 2026
edit post
OpenAI’s first hardware device debuted at 0. Now, it’s on eBay for ,850

OpenAI’s first hardware device debuted at $230. Now, it’s on eBay for $1,850

July 27, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • The H-1B Visa Scam: Importing Cheap Labor While Americans Are Laid Off
  • Kalshi tiptoes back into canceled flight markets with JFK airport wager
  • South Korea’s Kospi tanks 10% despite US-Iran war optimism. Here are 4 reasons why
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.