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

India’s appetite for instant convenience — once limited to food and grocery supplies — is expanding with home help That change helped Fast bitAn on-demand home-help startup, securing $30 million in new funding and raising its valuation to $180 million, $80 million Five months ago.

The all-equity Series C round — Snabit’s third fundraising 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.

Following a sharp increase in Snabbit’s new funding activity, the Bengaluru-based startup grew from around 1,000 jobs per day in May to more than 10,000 daily bookings. The company crossed 300,000 total orders in October, founder and CEO Ayush Aggarwal 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 preparation through a 100% female-led fleet of 5,000 experts. The startup operates through a hyperlocal network of trained staff stationed around dense residential clusters, promising service within 10 minutes.

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

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

Some of Snabbit’s customers do not want full-time house help but prefer an ad hoc solution. “We’re basically taking the inefficiency in the model and plugging it in, instead of saying, ‘Hey, this was happening offline, and now we’ll do it online,'” says 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 ₹500 (about $6), told TechCrunch.

Snabbit’s service costs about ₹150 (about $2) per hour, with an average ticket size of about ₹240 (about $3).

Workers on the platform earn ₹25,000–₹30,000 (approx. $284–$340) per month, depending on their working hours. The startup reduced the average walking distance for its employees between jobs from 300 meters to 250 meters, giving them more time to serve customers.

Snabit is not alone in the race to offer fast, on-demand home services in India. Urban Companies pioneered this trend and later startups followed suit brumis And quickly. Urban Company is now planning Double down on instant home services To stay ahead of the growing competition, though, Snabit says it doesn’t 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, beyond the micro markets where we both [Snabbit and Urban Company] Presently, Snabit is leading in more micro markets because we have taken a very positive strategy of creating depth as opposed to creating breadth,” Agarwal said.

The new funding will help Snabit to strengthen its presence and expand into high-frequency segments such as cooking, childcare and elder care.