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| name            = Snabbit
| name            = Snabbit
| logo            = Snabbit-logo.svg
| logo            = Snabbit-logo.svg
| type            = [[Private company|Private]]
| company_type    = [[Private company|Private]]
| industry        = [[Gig economy]], [[Home service]]s
| industry        = [[Gig economy]], [[Home service]]s
| founded          = {{Start date and age|2024}}
| founded          = {{Start date and age|2024}}
| founder          = Aayush Agarwal
| founder          = Aayush Agarwal
| hq_location     = [[Bengaluru]], [[Karnataka]], [[India]]
| hq_location     = [[Bengaluru]], [[Karnataka]], [[India]]
| area_served      = [[India]] (Mumbai, Delhi NCR, Bengaluru, Pune, Hyderabad)
| area_served      = [[India]] (Mumbai, Delhi NCR, Bengaluru, Pune, Hyderabad)
| key_people      = Aayush Agarwal ([[Chief executive officer|CEO]])
| key_people      = Aayush Agarwal ([[Chief executive officer|CEO]])
| revenue          = {{Increase}} [[Indian rupee|₹]]12.25 crore (FY26)
| revenue          = {{Increase}} [[Indian rupee|₹]]12.25 crore (FY26)
| net_income      = {{Decrease}} ₹−168 crore
| net_income      = {{Decrease}} ₹−168 crore
| num_employees    = 15,000+ active gig professionals
| operating_income      = {{Increase}} ₹12.25 crores<ref>https://www.cnbctv18.com/business/startup/snabbits-fy26-loss-widens-to-rs-168-crore-as-scaling-costs-surge-20013956.htm</ref>
| operating_income_year  = FY26
| num_employees    = 353 (15,000+ active gig professionals)
| website          = {{url|https://www.snabbit.com}}
| website          = {{url|https://www.snabbit.com}}
|company_name=Maestroedge Solutions Private Limited|equity=US$112 million (total capital raised)|equity_year=2026|logo_caption=Snabbit Logo in 2026|Type=Private limited|net_income_year=FY26}}
|company_name=Maestroedge Solutions Private Limited
|equity=US$112 million (total capital raised)  
|equity_year=2026
|logo_caption=Snabbit Logo in 2026
|net_income_year=FY26}}


'''Snabbit''' is an Indian on-demand home services platform operated by Maestroedge Solutions Private Limited.<ref name="entrackr_series_d">https://entrackr.com/news/snabbit-raises-56-mn-in-series-d-round-11773254</ref> Founded in 2024 by Aayush Agarwal, the platform provides rapid domestic assistance—including routine cleaning, dishwashing, laundry, and kitchen tasks—with service professionals arriving within 10 to 15 minutes of booking.<ref name="official_site">https://www.snabbit.com</ref><ref name="isv_podcast">https://www.youtube.com/watch?v=Uv3_WOc8Pw0</ref>
'''Snabbit''' is an Indian on-demand home services platform operated by Maestroedge Solutions Private Limited.<ref name="entrackr_series_d">https://entrackr.com/news/snabbit-raises-56-mn-in-series-d-round-11773254</ref> Founded in 2024 by Aayush Agarwal, the platform provides rapid domestic assistance—including routine cleaning, dishwashing, laundry, and kitchen tasks—with service professionals arriving within 10 to 15 minutes of booking.<ref name="official_site">https://www.snabbit.com</ref><ref name="isv_podcast">https://www.youtube.com/watch?v=Uv3_WOc8Pw0</ref>


== History ==
== History ==
Snabbit was founded in 2024 by Aayush Agarwal, a former executive at grocery delivery company [[Zepto (company)|Zepto]].<ref name="isv_podcast" /> The startup applied the operational concepts of [[quick commerce]] to India's fragmented domestic help market, deploying verified and uniformed service workers directly through a hyperlocal network.<ref name="bt_podcast">https://www.youtube.com/watch?v=3g9TX4BGSqw</ref>
Snabbit was founded in 2024 by Aayush Agarwal,<ref>https://www.snabbit.com/about</ref> a former executive at grocery delivery company [[Zepto (company)|Zepto]].<ref name="isv_podcast" /> The startup applied the operational concepts of [[quick commerce]] to India's fragmented domestic help market, deploying verified and uniformed service workers directly through a hyperlocal network.<ref name="bt_podcast">https://www.youtube.com/watch?v=3g9TX4BGSqw</ref>


Between 2025 and 2026, the company underwent rapid institutional fundraising:
Between 2025 and 2026, the company underwent rapid institutional fundraising:
* In mid-2025, Snabbit raised $19 million in a Series B round to expand across 200 micro-markets in Indian metropolitan clusters.<ref name="cnbc_series_b">https://www.youtube.com/watch?v=itUY46NR9bU</ref>
* In mid-2025, Snabbit raised $19 million in a Series B round to expand across 200 micro-markets in Indian metropolitan clusters.<ref name="cnbc_series_b">https://www.youtube.com/watch?v=itUY46NR9bU</ref>
* In late 2025, the company secured a $30 million Series C round at an estimated valuation of $180 million.<ref name="cnbc_series_c">https://www.youtube.com/watch?v=GmM5fo4Xh1Q</ref>
* In late 2025, the company secured a $30 million Series C round at an estimated valuation of $180 million.<ref name="cnbc_series_c">https://www.youtube.com/watch?v=GmM5fo4Xh1Q</ref><ref>https://finance.yahoo.com/news/india-snabbit-valuation-doubled-180m-013000389.html</ref>
* In April 2026, Snabbit closed a $56 million Series D round backed by Susquehanna VC, Mirae Asset Venture Investments, and Bertelsmann India Investments, taking total funds raised to $112 million at an estimated valuation of $360 million.<ref name="entrackr_series_d" />
* In April 2026, Snabbit closed a $56 million Series D round backed by Susquehanna VC, Mirae Asset Venture Investments,<ref>https://www.moneycontrol.com/news/business/funding/snabbit-raises-56-mn-in-funding-led-by-mirae-asset-sig-as-instant-home-services-race-heats-up-13901522.html</ref> and Bertelsmann India Investments, taking total funds raised to $112 million at an estimated valuation of $360 million.<ref name="entrackr_series_d" /><ref>https://tracxn.com/d/companies/snabbit/__nUmtxwTL2BQ1vTsMIDdHMG0k0WLym2z-HxY1dx8qXUI</ref>


== Business model and financials ==
== Business model and financials ==
Snabbit operates on an hourly, on-demand pricing structure rather than monthly maid contracts, catering to domestic absenteeism and emergency household needs.<ref name="isv_podcast" /><ref name="official_site" /> The company maintains a hyperlocal supply model, stationing workers close to dense residential clusters to achieve 10-minute dispatch times.<ref name="bt_podcast" />
Snabbit operates on an hourly, on-demand pricing structure rather than monthly maid contracts, catering to domestic absenteeism and emergency household needs.<ref name="isv_podcast" /><ref name="official_site" /> The company maintains a hyperlocal supply model, stationing workers close to dense residential clusters to achieve 10-minute dispatch times.<ref name="bt_podcast" />


For the fiscal year 2026 (FY26), Snabbit reported ₹12.25 crore in operating revenue and a net loss of approximately ₹168 crore, having spent roughly ₹16 for every ₹1 earned due to rapid customer acquisition, worker fulfillment costs, and aggressive market expansion.<ref name="cnbc_fy26">https://www.youtube.com/shorts/e51wDzvU9Sc</ref> During the same fiscal year, the company's daily completed jobs expanded from 500 to over 35,000, eventually crossing 40,000 daily jobs across 140 micro-markets.<ref name="cnbc_fy26" /><ref name="entrackr_series_d" />
For the fiscal year 2026 (FY26), Snabbit reported ₹12.25 crore in operating revenue and a net loss of approximately ₹168 crore, having spent roughly ₹16 for every ₹1 earned due to rapid customer acquisition, worker fulfillment costs, and aggressive market expansion.<ref>https://economictimes.indiatimes.com/tech/startups/snabbit-posts-rs-168-crore-loss-on-rs-12-crore-revenue-in-fy26/articleshow/134983608.cms</ref><ref name="cnbc_fy26">https://www.youtube.com/shorts/e51wDzvU9Sc</ref> During the same fiscal year, the company's daily completed jobs expanded from 500 to over 35,000, eventually crossing 40,000 daily jobs across 140 micro-markets.<ref name="cnbc_fy26" /><ref name="entrackr_series_d" /> The company also offers instant salon-at-home services.<ref>https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/snabbit-enters-beauty-services-with-instant-salon-at-home-model-after-bengaluru-pilot/131245058</ref>


== Operations and worker safety ==
== Operations and worker safety ==
Snabbit utilizes a predominantly female workforce for its core domestic services.<ref name="entrackr_series_d" /> To address worker safety concerns in the residential gig economy, the company's partner application ("Snabbit Expert") integrates an SOS emergency safety feature utilizing the Android Accessibility Service, enabling workers to discreetly trigger distress alerts via the device's physical volume keys without unlocking the screen.<ref name="playstore_expert">https://play.google.com/store/apps/details?id=com.snabbit.runner</ref><ref name="privacy_policy">https://www.snabbit.com/legal/privacy-policy</ref>
Snabbit utilizes a predominantly female workforce for its core domestic services.<ref name="entrackr_series_d" /> To address worker safety concerns in the residential gig economy, the company's partner application ("Snabbit Expert") integrates an SOS emergency safety feature utilizing the Android Accessibility Service, enabling workers to discreetly trigger distress alerts via the device's physical volume keys without unlocking the screen.<ref name="playstore_expert">https://play.google.com/store/apps/details?id=com.snabbit.runner</ref><ref name="privacy_policy">https://www.snabbit.com/legal/privacy-policy</ref> The company was criticised for selling mandatory branded t-shirts to its gig workforce.<ref>https://economictimes.indiatimes.com/opinion/just-in-jest/make-employees-your-customers/articleshow/135033817.cms</ref>


== See also ==
== See also ==

Revision as of 19:36, 19 October 2026

Snabbit
Private
IndustryGig economy, Home services
Founded2024; 2 years ago (2024)
Founder(s)Aayush Agarwal
HeadquartersBengaluru, Karnataka, India
Area served
India (Mumbai, Delhi NCR, Bengaluru, Pune, Hyderabad)
Key people
Aayush Agarwal (CEO)
RevenueIncrease ₹12.25 crore (FY26)
Increase ₹12.25 crores[1]
Decrease ₹−168 crore (FY26)
Total equityUS$112 million (total capital raised) (2026)
Number of employees
353 (15,000+ active gig professionals)
Websitewww.snabbit.com

Snabbit is an Indian on-demand home services platform operated by Maestroedge Solutions Private Limited.[2] Founded in 2024 by Aayush Agarwal, the platform provides rapid domestic assistance—including routine cleaning, dishwashing, laundry, and kitchen tasks—with service professionals arriving within 10 to 15 minutes of booking.[3][4]

History

Snabbit was founded in 2024 by Aayush Agarwal,[5] a former executive at grocery delivery company Zepto.[4] The startup applied the operational concepts of quick commerce to India's fragmented domestic help market, deploying verified and uniformed service workers directly through a hyperlocal network.[6]

Between 2025 and 2026, the company underwent rapid institutional fundraising:

  • In mid-2025, Snabbit raised $19 million in a Series B round to expand across 200 micro-markets in Indian metropolitan clusters.[7]
  • In late 2025, the company secured a $30 million Series C round at an estimated valuation of $180 million.[8][9]
  • In April 2026, Snabbit closed a $56 million Series D round backed by Susquehanna VC, Mirae Asset Venture Investments,[10] and Bertelsmann India Investments, taking total funds raised to $112 million at an estimated valuation of $360 million.[2][11]

Business model and financials

Snabbit operates on an hourly, on-demand pricing structure rather than monthly maid contracts, catering to domestic absenteeism and emergency household needs.[4][3] The company maintains a hyperlocal supply model, stationing workers close to dense residential clusters to achieve 10-minute dispatch times.[6]

For the fiscal year 2026 (FY26), Snabbit reported ₹12.25 crore in operating revenue and a net loss of approximately ₹168 crore, having spent roughly ₹16 for every ₹1 earned due to rapid customer acquisition, worker fulfillment costs, and aggressive market expansion.[12][13] During the same fiscal year, the company's daily completed jobs expanded from 500 to over 35,000, eventually crossing 40,000 daily jobs across 140 micro-markets.[13][2] The company also offers instant salon-at-home services.[14]

Operations and worker safety

Snabbit utilizes a predominantly female workforce for its core domestic services.[2] To address worker safety concerns in the residential gig economy, the company's partner application ("Snabbit Expert") integrates an SOS emergency safety feature utilizing the Android Accessibility Service, enabling workers to discreetly trigger distress alerts via the device's physical volume keys without unlocking the screen.[15][16] The company was criticised for selling mandatory branded t-shirts to its gig workforce.[17]

See also

References

  1. ↑ https://www.cnbctv18.com/business/startup/snabbits-fy26-loss-widens-to-rs-168-crore-as-scaling-costs-surge-20013956.htm
  2. ↑ 2.0 2.1 2.2 2.3 https://entrackr.com/news/snabbit-raises-56-mn-in-series-d-round-11773254
  3. ↑ 3.0 3.1 https://www.snabbit.com
  4. ↑ 4.0 4.1 4.2 https://www.youtube.com/watch?v=Uv3_WOc8Pw0
  5. ↑ https://www.snabbit.com/about
  6. ↑ 6.0 6.1 https://www.youtube.com/watch?v=3g9TX4BGSqw
  7. ↑ https://www.youtube.com/watch?v=itUY46NR9bU
  8. ↑ https://www.youtube.com/watch?v=GmM5fo4Xh1Q
  9. ↑ https://finance.yahoo.com/news/india-snabbit-valuation-doubled-180m-013000389.html
  10. ↑ https://www.moneycontrol.com/news/business/funding/snabbit-raises-56-mn-in-funding-led-by-mirae-asset-sig-as-instant-home-services-race-heats-up-13901522.html
  11. ↑ https://tracxn.com/d/companies/snabbit/__nUmtxwTL2BQ1vTsMIDdHMG0k0WLym2z-HxY1dx8qXUI
  12. ↑ https://economictimes.indiatimes.com/tech/startups/snabbit-posts-rs-168-crore-loss-on-rs-12-crore-revenue-in-fy26/articleshow/134983608.cms
  13. ↑ 13.0 13.1 https://www.youtube.com/shorts/e51wDzvU9Sc
  14. ↑ https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/snabbit-enters-beauty-services-with-instant-salon-at-home-model-after-bengaluru-pilot/131245058
  15. ↑ https://play.google.com/store/apps/details?id=com.snabbit.runner
  16. ↑ https://www.snabbit.com/legal/privacy-policy
  17. ↑ https://economictimes.indiatimes.com/opinion/just-in-jest/make-employees-your-customers/articleshow/135033817.cms
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