Lightspeed Backs Snabbit’s $19M Series B to Disrupt India’s Home Services Market
India’s \(20B home services sector - spanning cleaning, laundry, and kitchen help - has long operated through informal networks plagued by inefficiencies. Now, tech-driven startups are bringing much-needed structure to this fragmented industry. Leading this transformation is **Snabbit**, which just secured \)19M in Series B funding led by Lightspeed at an $80M valuation.
The Snabbit Advantage: 10-Minute Home Services
Founded in 2023 by Aayush Agarwal, Snabbit offers:
- Ultra-fast service delivery (as quick as 10 minutes)
- Reliable, vetted service professionals (“Experts”)
- Comprehensive worker training and support systems
- Insurance coverage for all workers
“In an era of instant gratification, finding quality home help remained painfully archaic,” explains Agarwal, whose personal struggles inspired Snabbit’s creation.
Market Traction and Competitive Landscape
Key metrics:
- 600+ workers on platform
- 25,000+ customers served
- 3x monthly transactions per average user
- 20% weekly growth rate
While competing with established players like Urban Company (which faced backlash for its “Insta Maids” service), Snabbit differentiates through:
- Premium service quality (₹169-499/$2-6 per service)
- Worker benefits including insurance and bonuses
- Proprietary tech stack for operations and compliance
Worker Empowerment in a Vulnerable Sector
Snabbit addresses critical industry challenges:
- Fair compensation: Workers earn ₹40,000/month ($470) for full shifts - 4x typical domestic help wages
- Safety measures: In-app SOS feature with 5-7 minute emergency response
- Mobility support: Partnership with Yulu for e-bike access
- Career stability: Health, accident, and life insurance coverage
Scaling Challenges and Future Plans
The fresh funding will fuel:
- Expansion to 200+ micro-markets across Indian metros
- Workforce growth from current 100 employees
- Technology enhancements for operational efficiency
However, the hyperlocal services space remains challenging, as seen in:
- Zepto’s paused 10-minute cafe service
- Zomato’s discontinued 15-minute food delivery
With a ₹700 (\(8) customer acquisition cost against ₹250 (\)3) average tickets, Snabbit must demonstrate sustainable unit economics as it scales.
“Snabbit is transforming home services from a luxury to a daily necessity,” says Lightspeed’s Rahul Taneja, highlighting the startup’s potential to redefine this essential sector through technology and operational excellence.
📚 Featured Products & Recommendations
Discover our carefully selected products that complement this article’s topics:
🛍️ Featured Product 1: EARRING FLORA STATEMENT #64993
Image: Premium product showcase
Professional-grade earring flora statement #64993 combining innovation, quality, and user-friendly design.
Key Features:
- Industry-leading performance metrics
- Versatile application capabilities
- Robust build quality and materials
- Satisfaction guarantee and warranty
🔗 View Product Details & Purchase
💡 Need Help Choosing? Contact our expert team for personalized product recommendations!
