Snabbit, a quick home services platform, has raised $56 million in a Series D round from Susquehanna VC, Mirae Asset Venture Investments, and Bertelsmann India Investments.
The proceeds will be used to expand into new cities, strengthen leadership in existing markets, add more high-frequency service categories, and improve its balance sheet.
As per Entrackr's sources, the company's valuation has climbed to $360 million.
Founded as a quick-service platform for recurring household needs, Snabbit operates a hyperlocal model focused on speed, reliability, and convenience. The firm currently operates across five cities including Mumbai Metropolitan Region, Delhi NCR, Pune, Hyderabad, and Bengaluru.
Snabbit claims that it processes more than 40,000 jobs daily across 140 active micromarkets and has over 15,000 service professionals on its platform, all women. The company crossed 1 million monthly jobs in March 2026 and said it scaled from 400 to 40,000 daily orders in less than 12 months.
Snabbit has raised $112 million in total funding to date.
The segment is seeing rising competition from incumbents and new entrants. Urban Company's InstaHelp crossed 1 million bookings in March, while Snabbit also reported 1 million orders during the same period.
Other players are also expanding in the space. Pronto recently completed one year of operations and reported over 500,000 monthly fulfilled bookings. According to media reports, it is in the process of raising $20 million, months after securing $25 million in Series B round.