Snabbit, an Indian platform for on-demand home services, has secured $56 million in a fresh funding round as investor confidence in the sector strengthens. The company now handles more than 40,000 jobs daily, a figure that has risen sharply as it broadens its service areas and expands into new cities. Cost efficiency has improved significantly, with operational expenses reduced through technology and process optimization.
The latest investment round follows rapid growth in demand for home services such as cleaning, repairs, and maintenance. Snabbit’s expansion comes amid a broader trend in India where consumers increasingly prefer quick, app-based solutions for household needs. The company operates in multiple cities and continues to add services, including appliance repair and pest control.
Investors have shown growing interest in India’s on-demand economy, particularly in sectors tied to daily household requirements. The $56 million infusion will support Snabbit’s expansion into underserved regions and the development of new service categories. The company aims to deepen its market presence as competition in the space intensifies.
Snabbit’s cost-cutting measures include better route optimization for service providers and improved matching algorithms between customers and professionals. These changes have helped reduce wait times and increase job completion rates. The company reports that its customer base has grown by over 60% in the last year alone.
The funding round was led by existing investors, with participation from new strategic partners. Snabbit did not disclose the valuation but stated the capital will be used to hire more professionals and enhance technology infrastructure.
Source: techcrunch.com