As the house-help market grows, Snabbit is looking for further capital at a valuation of $450 million
Snabbit is in talks to raise fresh funding at a valuation of about $450 million, as investors show increasing interest in startups targeting India’s rapidly growing home-services market. The Bengaluru-based company is preparing for its Series D funding round after already raising $56 million in the 18 months since its launch in 2024, according to founder Aayush Agarwal. Its previous funding round had valued the company at around $180 million.
Snabbit allows consumers to order household help such as cooking, cleaning and other domestic tasks within as little as 10 minutes. Platforms offering such instant home services have attracted investor attention despite a prolonged slowdown in venture funding in India. Investors are particularly drawn to the potential growth in the sector as the country’s expanding middle class increasingly seeks convenient, app-based services.
Although several startups have entered the space, including rivals like Pronto and publicly listed Urban Company, much of India’s household-services economy remains largely offline. Tasks such as cleaning, dishwashing, childcare and maintenance are still commonly arranged through word of mouth or informal networks within housing societies rather than through mobile apps.
According to estimates from Redseer Strategy Consultants, India’s market for household services is expected to grow from about $60 billion today to nearly $100 billion by the end of the decade, expanding at roughly 10 percent annually. Snabbit estimates that the top 60 million urban households in India spend around $750 per year on household services.
Agarwal said the overall market is likely to expand further as these services become more accessible through technology. He compared the shift to the growth seen in food delivery platforms, where convenience helped significantly expand the total market.
Despite this potential, online platforms currently account for less than 1 percent of paid household-help bookings in India, according to Redseer, leaving significant room for growth. Similar services exist in other markets but have had mixed results. In the United States, for example, TaskRabbit was acquired by IKEA in 2017, while attempts by Uber to build a competing service did not gain major traction. In China, technology giants such as JD.com and Alibaba Group offer household assistance services through their platforms.
Agarwal said the idea for Snabbit emerged from his own experience struggling for months to find reliable home help. Eventually, he asked his mother to find a worker through traditional methods, which involved speaking with domestic workers near apartment complexes and negotiating informally during morning walks. He described the process as surprisingly time-consuming in an era where most services can be accessed with a few taps on a smartphone.
To ensure quick service delivery, Snabbit divides cities into micro-markets based on walkability, traffic patterns and physical barriers. The platform even considers which side of the street a customer is located on in order to match them with nearby workers quickly in congested urban environments.
The sector also faces regulatory challenges as governments begin introducing protections for gig workers. New rules could require platforms to provide benefits such as minimum base pay, training, insurance and social-security contributions, which may put pressure on profit margins.
Snabbit has already introduced guaranteed minimum monthly wages for workers, typically ranging from $270 to $380 depending on shift structure and location. For comparison, India’s average monthly salary is roughly $350, according to job portal Shine.
The company’s margins remain negative for now, Agarwal said, largely because it is building a strong supply of workers in anticipation of rising demand. However, he added that in some of its more mature markets, Snabbit would be profitable if it stopped expanding.
