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Snabbit raised $5.5 million in a funding round led by Elevation Capital.

Jan 21, 20259 months ago

Amount Raised

$5.5 Million

MumbaiInformation Technology

Investors

Elevation Capital

Description

Quick-service app Snabbit has successfully raised $5.5 million in a recent funding round. The investment, led by Elevation Capital, will be used to enhance the app's features and expand its market presence.

Company Information

Company

Snabbit

Location

Mumbai, Maharashtra, India

About

Founded in 2024, Snabbit is India’s first Quick-Service App offering on-demand home services. With a hyperlocal network operating in dense residential clusters, Snabbit guarantees quality and speed, providing trusted and trained experts that arrive within minutes. Backed by Nexus Venture Partners, Snabbit takes a full-stack approach to sourcing, training, and managing experts. Combined with an innovative time-based pricing model, Snabbit simplifies daily life for urban families while creating respectable, well-paying opportunities for a workforce that has long been fragmented and unorganized.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers