Bengaluru-based quick commerce startup Snabbit has raised ₹266.28 crores in its Series C funding round, a major event while India’s home services and on-demand delivery market continues to expand. The Series C round was led by Elevation Capital and Nexus Venture Partners, along with participation from Bertelsmann India Investments and several other investors.
This fresh capital infusion comes at a time when ultra-fast delivery platforms are racing to reshape how commonplace products from groceries to home essentials are delivered to consumers, in 15 minutes or less.
Snabbit: Company Key Metrics (as of 2025)
| Metric | Details |
|---|---|
| Founded | 2021 |
| Headquarters | Bengaluru, India |
| Founders | Aayush Agarwal (CEO), [Co-founder if applicable] |
| Industry Segment | Quick Commerce & Home Services |
| Latest Funding Round | Series C – ₹266.28 crore |
| Total Funding Raised (All Rounds) | ₹480+ crore (approx.) |
| Lead Investors | Elevation Capital, Nexus Venture Partners, Bertelsmann India Investments |
| Valuation (Post-Series C) | Estimated ₹1,800–2,000 crore (unofficial) |
| Active Cities / Micro-Markets | 25+ cities across India |
| Average Delivery Time | Under 15 minutes |
| Platform Reach | 3 million+ app downloads |
| Number of Service Professionals | 10,000+ across home, cleaning, and elder care categories |
| Key Service Categories | Groceries, Household Essentials, Cooking, Cleaning, Laundry, Elderly Care |
| Tech Infrastructure | AI-driven logistics, predictive ordering, hyperlocal warehouse model |
| Annual Revenue (FY 2024–25) | ₹350 crore (estimated) |
| Year-on-Year Growth | 120% YoY |
| Company Vision | To become India’s most trusted platform for instant home services and daily essentials delivery |
A Leap Forward in India’s Quick Commerce Market
Snabbit was founded by Aayush Agarwal in 2024. It operates across multiple Indian cities. It caters to the needs of urban cities by hyper-targeting the local needs for quick, affordable, professional, and verified home services.
It’s exciting to see a company like Snabbit gain traction in such an underserved area. Their growth is indicative of the huge opportunity in urban home services in India,” stated Manish Advani, Vice President at Elevation Capital. “Snabbit is building a reliable and scalable supply chain platform that brings together logistics, service professionals and customer convenience. It’s impressive how they efficiently execute in a competitive landscape.
Investors Double Down on Quick Commerce
This funding round included Elevation Capital, Nexus Venture Partners, and Bertelsmann India Investments, all placing a big bet on India’s love for convenience. Prior rounds also included early investors such as angel investors Vidit Aatrey and Sanjeev Barnwal, who have been very vocal about Snabbit’s technology-first approach and focusing on urban and hyperlocal delivery innovations entering the market.
The presence of these investors adds further validation and trust in Snabbit’s business model and ability to carve a niche for itself with notable top quick commerce competitive players such as Zepto, Blinkit, and Swiggy Instamart.
Use of Funds: Expansion, Technology, and Hyperlocal Efficiency
Snabbit intends to use the new funding of ₹266.28 crores for the following endeavors:
- Expand its presence in tier-1 and tier-2 urban free markets.
- Upgrade its AI-enabled logistics platform for optimal delivery times.
- Strengthen its national network of homemakers and home service professionals across cleaning, cooking, dishwashing, laundry, and elder care.
- Build brand and team to maintain our “15-minute delivery promise.”
Co-Founder and CEO Aayush Agarwal said, in a statement:
“Our mission has always been to, not just focus on speedy commerce, but to become the daily home services and essentials platform of choice. With this Series C funding, Snabbit will enhance technology and reach, providing a smoother, optimized experience for every urban household.”
Standing Out in the Home Services Sector
While most top quick commerce companies focus on delivering groceries, daily essentials, and fresh produce, Snabbit focuses on providing quick access to professional and affordable home service professionals.
Snabbit’s network of trusted, trained professionals offers on-demand home care, including kids-care + childcare, meal prep or cooking services, and elderly care, all embedded in the same digital ecosystem that enables Snabbit to offer instant deliveries.
This exciting combination enables Snabbit to diversify in the home services category in a way that provides a mixed revenue model, unlike the straight-tailored service found in many delivery businesses.
Industry Perspective: Why Snabbit’s Model Works
Industry professionals see the next phase of growth in quick commerce as residing beyond grocery as local services in bringing together integrated solutions for the real-time, household needs of consumers.
Urban consumers are beginning to seek a platform to meet multiple daily needs, such as groceries, cleaning, and personal tasks, packaged into a singular experience app.
According to a recent article, the quick commerce and home service sector in India is forecasted to grow at a CAGR of 27% driven by higher disposable income and urbanization. Companies like Snabbit are capitalizing on micro-market operation, AI route optimization, and predictive ordering solutions to turn profitable in smaller clusters before scaling operations.
A Strong Signal for the Q-Commerce Ecosystem
Snabbit’s Series C round success is a positive indicator of renewed investor confidence in the quick commerce and home services hybrid model. Despite profitability concerns that continue to loom large over the space, tech-enabled business models marrying executional discipline and a focus on local markets will always draw investor capital.
Bertelsmann India Investments, a co-leader in this round, reinforced their belief in Snabbit’s scalability. They said,
“Snabbit’s micro-market strategy combined with its tech-driven logistics are reshaping the quick commerce model in India. Their local clustering strategy shapes the sustainable unit economics required to fulfill consumer expectation.”
Future Roadmap: Scaling Beyond Speed
Over the upcoming year, Snabbit plans to:
- Create a market presence in 10 new cities, including some emerging urban centers.
- Add new micro-service categories, e.g., elder care, home maintenance.
- Create a predictive delivery model to assure customers receive items before they even finish the checkout process – a bold step into hyper-efficiency.
- Provide extra support to increase local merchant and hyperlocal warehouse partnerships to enhance delivery accuracy and reduce delivery costs.
As it faces increasing competition and changing customer behavior, Snabbit’s expansion plan will observe how adaptive and scaleable its technology can be. Given the uniqueness of services being offered (home services plus on-demand delivery) relative to the crowded hyperlocal marketplace indicates it offers a unique proposition that others will struggle to offer.
Frequently Asked Questions (FAQs)
Who is the owner of Snabbit?
Snabbit is founded and led by Aayush Agarwal, who also serves as the Chief Executive Officer (CEO). Under his leadership, the company has become one of India’s fastest-growing quick commerce startups, known for ultra-fast home delivery and on-demand home services.
When was Snabbit founded?
Snabbit was founded in 2021 in Bengaluru, India, with the vision to redefine quick commerce and home services through hyperlocal delivery and smart logistics.
Who invested in Snabbit?
Snabbit’s latest Series C funding round saw investments from Elevation Capital, Nexus Venture Partners, and Bertelsmann India Investments. Early backers include angel investors like Vidit Aatrey and Sanjeev Barnwal (Meesho co-founders).
How much funding has Snabbit raised so far?
As of its Series C round in 2025, Snabbit has raised approximately ₹480 crore across multiple rounds, with ₹266.28 crore secured in the latest round.
What is Snabbit known for?
Snabbit is known for its 15-minute delivery model and integrated home service offerings. The company combines quick commerce with on-demand household services such as cooking, cleaning, laundry, childcare, and elderly care, setting it apart from typical delivery apps.
Is Snabbit an Indian company?
Yes, Snabbit is an Indian company headquartered in Bengaluru, Karnataka. It operates primarily across major Indian cities, catering to urban households with fast delivery and service solutions.
What problem does Snabbit solve?
Snabbit aims to solve the time and convenience gap for urban consumers by delivering essentials and home services instantly. Its technology-driven logistics network enables users to manage daily household tasks and get deliveries within minutes.
What will Snabbit use its Series C funding for?
Snabbit plans to use its ₹266.28 crore Series C funding to expand operations into new Indian cities, strengthen its AI-powered logistics platform, and hire additional professionals to enhance its home services network.
Who are the lead investors in Snabbit’s Series C round?
The Series C round was led by Elevation Capital and Nexus Venture Partners, with participation from Bertelsmann India Investments. These investors have a strong track record of supporting growth-stage Indian startups.
Is Snabbit profitable?
While Snabbit is still in its growth phase, its focus on micro-market profitability and efficient last-mile logistics is designed to achieve sustainable margins faster than typical quick commerce models.
Who are Snabbit’s major competitors?
Snabbit competes with Zepto, Blinkit (Zomato-owned), Swiggy Instamart, and Dunzo in the quick commerce segment , but differentiates itself through its integrated home services ecosystem.
What is Snabbit’s estimated valuation after Series C?
After the ₹266.28 crore Series C funding, Snabbit’s estimated valuation is believed to be between ₹1,800 crore and ₹2,000 crore, though the company has not officially disclosed the figure.
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