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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">{{cite web |url=https://www.youtube.com/watch?v=itUY46NR9bU |title=Quick-service Platform Snabbit Secures $19 M In Series B Round |date=30 May 2025 |access-date=19 October 2026}}</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">{{cite web |url=https://www.youtube.com/watch?v=itUY46NR9bU |title=Quick-service Platform Snabbit Secures $19 M In Series B Round |date=30 May 2025 |access-date=19 October 2026}}</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">{{cite web |url=https://www.youtube.com/watch?v=GmM5fo4Xh1Q |title=Quick-service Platform Snabbit Bags $30 M In Series C {{!}} Startup Street |date=4 November 2025 |access-date=19 October 2026}}</ref><ref>https://finance.yahoo.com/news/india-snabbit-valuation-doubled-180m-013000389.html</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">{{cite web |url=https://www.youtube.com/watch?v=GmM5fo4Xh1Q |title=Quick-service Platform Snabbit Bags $30 M In Series C {{!}} Startup Street |date=4 November 2025 |access-date=19 October 2026}}</ref><ref>{{cite web |last1=Singh |first1=Jagmeet |title=India’s Snabbit valuation doubled to $180M in 5 months on its quick house-help bet |url=https://finance.yahoo.com/news/india-snabbit-valuation-doubled-180m-013000389.html |access-date=19 October 2026 |date=30 October 2025}}</ref>
* 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 name="barefix3">{{cite web |url=https://tracxn.com/d/companies/snabbit/__nUmtxwTL2BQ1vTsMIDdHMG0k0WLym2z-HxY1dx8qXUI |title=Snabbit - 2026 Company Profile & Team - Tracxn |date=17 October 2026 |website=tracxn.com |access-date=19 October 2026}}</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" /><ref name="barefix3">{{cite web |url=https://tracxn.com/d/companies/snabbit/__nUmtxwTL2BQ1vTsMIDdHMG0k0WLym2z-HxY1dx8qXUI |title=Snabbit - 2026 Company Profile & Team - Tracxn |date=17 October 2026 |website=tracxn.com |access-date=19 October 2026}}</ref>


== Business model and financials ==
== Business model and financials ==

Revision as of 20:26, 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] (FY 26)
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, and Bertelsmann India Investments, taking total funds raised to $112 million at an estimated valuation of $360 million.[2][10]

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.[11][12] 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.[12][2] The company also offers instant salon-at-home services.[13]

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.[14][15] The company was criticised for selling mandatory branded t-shirts to its gig workforce.[16]

See also

References

  1. ↑ "Snabbit's FY26 loss widens to ₹168 crore as scaling costs surge - CNBC TV18". CNBCTV18. 16 October 2026. Retrieved 19 October 2026.
  2. ↑ 2.0 2.1 2.2 2.3 "Snabbit raises $56 Mn in Series D round". entrackr.com. Retrieved 19 October 2026.
  3. ↑ 3.0 3.1 "House Help & Home Cleaning in 10 Min | Snabbit". www.snabbit.com. Retrieved 19 October 2026.
  4. ↑ 4.0 4.1 4.2 "How This Startup Is Solving India's #1 Household Problem". 30 August 2025. Retrieved 19 October 2026.
  5. ↑ "About Us | Snabbit House Help in 10 Minutes". Snabbit. Retrieved 19 October 2026.
  6. ↑ 6.0 6.1 "#Podcast | #Episode12 | The Snabbit Story: The Startup Solving India's Unorganised House Help Crisis". 15 May 2026. Retrieved 19 October 2026.
  7. ↑ "Quick-service Platform Snabbit Secures $19 M In Series B Round". 30 May 2025. Retrieved 19 October 2026.
  8. ↑ "Quick-service Platform Snabbit Bags $30 M In Series C | Startup Street". 4 November 2025. Retrieved 19 October 2026.
  9. ↑ Singh, Jagmeet (30 October 2025). "India's Snabbit valuation doubled to $180M in 5 months on its quick house-help bet". Retrieved 19 October 2026.
  10. ↑ "Snabbit - 2026 Company Profile & Team - Tracxn". tracxn.com. 17 October 2026. Retrieved 19 October 2026.
  11. ↑ "Snabbit reports net loss of Rs 168 crore, revenue of Rs 12 crore in FY26". The Economic Times. Retrieved 19 October 2026.
  12. ↑ 12.0 12.1 "Snabbit Loses ₹168 Crore In FY26 On Just ₹12.25 Cr In Operating Revenue | N18S | CNBC TV18". Retrieved 19 October 2026.
  13. ↑ "Snabbit enters beauty services with instant salon-at-home model after Bengaluru pilot". ETRetail.com. Retrieved 19 October 2026.
  14. ↑ "Snabbit Expert - Apps on Google Play". play.google.com. Retrieved 19 October 2026.
  15. ↑ "Snabbit: On-Demand House Help Services in India". Snabbit. Retrieved 19 October 2026.
  16. ↑ "Make employees your customers". The Economic Times. 18 October 2026. Retrieved 19 October 2026.
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