Snabbit, a Bengaluru-based home services platform founded by Aayush Agarwal, is reportedly in talks to raise a new funding round at a $450 million valuation, according to Bloomberg. Since launching in 2024, the startup has already secured $56 million in funding, reflecting strong investor interest in India’s rapidly expanding home services ecosystem.
Snabbit operates in a highly competitive market alongside platforms such as Urban Company and Pronto, which provide on-demand services ranging from home cleaning and repairs to beauty and maintenance solutions.
The opportunity in this sector is significant. According to estimates by Redseer Strategy Consultants, India’s $60 billion home services market is expected to grow to nearly $100 billion by the end of the decade, driven by urbanisation, rising disposable income, and increasing consumer preference for app-based service platforms.
If the new funding round materialises, it could help Snabbit expand operations, strengthen technology infrastructure, and scale its service network across major Indian cities.
Bottom line: With fresh funding on the horizon and a rapidly growing market, Snabbit is positioning itself to compete aggressively in India’s booming home services sector.
