Snabbit raises $56 million as daily jobs top 40,000, valuation doubles

Snabbit has pushed past 40,000 daily jobs while saying its economics are improving fast, a shift that gives fresh fuel to the question of whether India’s on-demand home-services market can become a real business rather than a subsidy-driven convenience.

The Bengaluru-based startup closed a $56 million Series D round led by Susquehanna Venture Capital, Mirae Asset Venture Investments’ Unicorn Growth Fund and Bertelsmann India Investments, with Nexus Venture Partners and Lightspeed also participating. The new financing values Snabbit at about $350 million, nearly double its roughly $180 million valuation six months earlier, and lifts total funding to about $112 million.

The company said it crossed 1 million monthly jobs in March 2026 and expanded from 400 daily orders to 40,000 in less than a year. Snabbit now says it operates across five cities and about 140 micromarkets, serves more than 15,000 service professionals and offers cleaning, dishwashing and laundry, with home cooks now being piloted. That footprint matters because home services in India have long been fragmented and informal; the pitch here is that app-based scheduling, density in urban neighborhoods and a recurring chore stack can support frequency that one-off errands cannot.

Snabbit is also highlighting sharper unit economics. The company said per-order losses have fallen about 50% and customer acquisition costs have dropped roughly 65%, suggesting that scale is not just driving volume but also reducing the cost of each transaction. For a category that depends on matching workers, short travel times and enough repeat demand to keep utilization high, those figures are the clearest sign yet that the model may be moving beyond pure growth spending.

Competition is intensifying at the same time. Urban Company said its InstaHelp quick-service housekeeping vertical surpassed 1 million monthly delivered bookings in March 2026 after reporting more than 50,000 daily orders in February, while Pronto is reportedly in talks to raise $15 million to $20 million at a $200 million valuation. Investor appetite is being pulled by a market that remains small today but is projected to grow. One industry estimate puts India’s online on-demand home-services market at $152.4 million in 2025, rising to $586.6 million by 2034, while broader forecasts put the sector on an 18% to 22% compound annual growth path through FY30.

That combination of faster demand, lower losses and crowded funding rounds suggests the category is moving from experiment to race. Whether it becomes durable will depend on whether companies like Snabbit can keep filling schedules, retaining workers and widening service lines without reopening the cash burn that has long defined the sector.