Ex-Zepto Exec’s Snabbit Bags $5.5M—Will It Disrupt Quick Commerce or Fizzle Out?

In a significant development within the quick commerce sector, Snabbit, a Mumbai-based on-demand home services startup, has successfully raised $5.5 million in a Series A funding round. This investment was led by Elevation Capital, with participation from existing investor Nexus Venture Partners and prominent angel investors, including Vidit Aatrey and Sanjeev Barnwal (Meesho), Gaurav Munjal (Unacademy), and Niraj Singh (Spinny).

About Snabbit

Founded in 2024 by Aayush Agarwal, a former chief of staff at Zepto, Snabbit aims to simplify urban living by connecting households with trained professionals for everyday home tasks. The platform offers services such as cleaning, dishwashing, and laundry, with professionals arriving within 15 minutes of booking. This hyperlocal model ensures quick, reliable, and high-quality solutions to common household challenges.

Utilization of Funds

The newly acquired funds are earmarked for expanding Snabbit’s operations into additional neighborhoods across Mumbai, enhancing customer acquisition efforts, and bolstering the team to improve operational and technological capabilities. This strategic growth plan aims to meet the increasing demand for swift and dependable home services in densely populated urban areas.

Investor Insights

Manish Advani, Vice President at Elevation Capital, expressed confidence in Snabbit’s innovative approach, stating that the platform’s unique model delivers reliable and high-quality services swiftly, positioning it as a standout in the home services sector.

Suvir Sujan, Managing Director at Nexus Venture Partners, highlighted Snabbit’s disruptive potential at the hyperlocal level, emphasizing the company’s vision and execution in transforming the home services industry.

Conclusion

Snabbit’s successful funding round underscores the growing demand for rapid and efficient home services in urban India. With strategic investments and a robust expansion plan, Snabbit is poised to redefine the on-demand home services landscape, offering unparalleled convenience to its users.