India’s appetite for instant convenience – once limited to food and grocery deliveries – is expanding to include domestic help. This transformation has helped Snapitan on-demand home assistance startup, raises $30 million in new funding and raises its valuation to $180 million, up from 80 million dollars Five months ago.
The all-stock Series C round — Snabbit’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 startup’s latest funding total reaches $55 million.
The new funding for Snapbit comes after a sharp rise in activity, as the Bengaluru-based startup has grown from around 1,000 job postings per day in May to more than 10,000 daily bookings. The company’s founder and CEO, Aayush Agarwal, said in an interview with TechCrunch that the company surpassed 300,000 total orders in October.
Founded in 2024, Snabbit offers a range of on-demand home services to urban households, including cleaning, dishwashing, laundry and kitchen preparation through a 100% female-led fleet of 5,000 experts. The startup operates through a hyper-local network of trained workers based around dense residential clusters, promising service within 10 minutes.
Currently, Snapbit serves 40 micro markets across five major cities, namely Mumbai, Bengaluru, Gurugram, Noida and Pune. It plans to expand its presence in these cities and enter Hyderabad, Chennai, Delhi and Kolkata very soon, Agarwal told TechCrunch.
Snapbit 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 30 and 40 years old, including singles and working professionals.
Some of Snapbit’s customers are those who don’t want full-time home help but prefer a customized solution. “We’re basically taking the inefficiencies in the model and plugging them, rather than saying, ‘Hey, this used to happen offline, now we’re going to do it online,’” Agarwal said.
The startup reports a 30-35% retention rate and plans to reach $11 million in annual recurring revenue this month. Moreover, the cost of customer acquisition is “much less” than 500 Indian rupees (about $6), Agarwal told TechCrunch.
Snapbit’s services are priced at around INR 150 (about $2 USD) per hour, and the average ticket size is around INR 240 (about $3 USD).
Workers on the platform earn between 25,000 and 30,000 Indian rupees (about $284 to $340) per month, depending on their working hours. The startup also reduced its workers’ average walking distance between two jobs from 300 meters to 250 metres, giving them more time to serve customers.
Snapbit is not alone in the race to provide quick, on-demand home services in India. Urban Company pioneered this trend and was later followed by startups like Promise and Pronto. The urban company now plans to Double your immediate home services To stay ahead of the growing competition, though Snapbit 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 small markets. Today, beyond the small markets where we are together [Snabbit and Urban Company] “We are there, Snapbit is leading more micro markets because we have taken a very positive strategy of building depth rather than building breadth,” Agarwal said.
The new funding will help Snapbit strengthen its presence and expand into high-frequency categories such as cooking, child care and elder care.