Snabbit raises $56 million in round from Susquehanna Venture Capital, others

The investment was co-led by Susquehanna Venture Capital, Mirae Asset Venture Investments’ Unicorn Growth Fund, and Bertelsmann India Investments.

Current investors Nexus Venture Partners and Lightspeed also took part in this funding round.

“This round is really a mandate to build for the long-term,” said founder and chief executive Aayush Agarwal. “It's about deepening our presence in existing markets, launching in new micro markets in cities we're live in and experimenting and launching new categories that increase the customer's wallet share.”

He added that the company's focus remains largely on on-demand home services, with about 5% of their focus dedicated to new categories such as home cooks. “After home services, we are piloting home cooks and will scale in Bengaluru over the next three months,” he said.

Bhavanipratap Rana, investment advisor, Susquehanna VC, said home services is one of India’s largest and most underpenetrated consumer categories, but also one of the hardest to organise well. “Snabbit’s focus on operational resilience and improving unit economics as they scale gives us confidence in the opportunity.”

Puneet Kumar, CEO, Mirae Asset Venture Investments India, said the depth of customer engagement, the pace of scale, and the frequency of usage stand out at this stage. “By creating value on both sides of the marketplace, we believe Snabbit is building a durable business.”

Founded in 2024, Snabbit has quickly become one of the most heavily funded startups in its category, raising money four times in about 15 months.

It raised $5.5 million in January 2025, then $19 million in May from Lightspeed, and $30 million in October from investors like Elevation Capital, Nexus Venture Partners, and Bertelsmann India Investments.

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