Snabbit, an on-demand home services startup, is creating a splash in India’s booming consumer market. The company was launched only last year. It has rapidly built a stronghold by empowering a customer to order low-involvement, high-frequency home services with incredible ease. Snabbit provides a wide array of support services including housecleaning, dishwashing, laundry and food prep. Our goal is to revolutionize the way homes everywhere tackle their daily chores.
Through the startup’s extremely simple app, customers can order and receive delivery in as little as 10 minutes. This rapid response time is one of the things that helps Snabbit to stand out in an ever-growing competitive space. Now customers can enjoy the convenience of these services at prices ranging from ₹169 (around $2) to ₹499 (almost $6). With unlimited service available up to 240 minutes, this range makes ConnectHome affordable for many families.
In a world that rewards short attention spans, Snabbit is poised to pounce. Our goal is to supply the growing population of homeowners and renters with fast, convenient, and trusted home-service solutions. With the success of similar startups like Zepto, which has surpassed 100,000 orders per day, Snabbit aims to carve its own niche in the sector. The company isn’t without its own woes, as competition with firms such as Zomato has found it difficult to create an instant delivery model that is sustainable.
Snabbit’s growth strategy continues to reap rewards. The development comes on the heels of the company’s announcement that it has closed a $19 million Series B funding round, with Lightspeed leading the investment. This latest funding has shot the startup’s post-money valuation up to a huge $80 million. The company plans to ramp up production to 600 trains per month. In the coming nine months, it’ll be rolling out in more than 200 micro-markets in metro cities across India.
Aayush Agarwal, the founder and CEO of Snabbit, offered fascinating glimpses into the company’s vision. He further focused on the challenges consumers must deal with to receive goods and services in their home.
“What stayed with me was that in a world of convenience where you can press a button, and you’ll get a cab, or you’ll get food or groceries, you can even get someone to go out on a date with, but finding someone for a simple service at home was excruciatingly difficult,” – Aayush Agarwal
This yearning expresses the void that Snabbit seeks to address. So, the market is getting hot,” Agarwal said during the panel, Reimagining Market Competition.
“We know that the market is heating up,” – Aayush Agarwal
Even with these challenges, Agarwal is very positive about Snabbit’s future. As for newcomers to the market, they’re good as long as they don’t lose their focus on going to market and execution, he said.
“The category is getting exciting, new players are coming in and getting funded. And I think all of it is great for us as long as we keep executing relentlessly.” – Aayush Agarwal
At the same time the startup has effectively onboarded more than 25,000 customers. On average, those customers are transacting at least three times a month on the platform. This level of engaged customer base shows how much urban citizens depend on Snabbit’s service.
Snabbit has close to 100 employees in his workforce. In addition to providing immediate employment, it’s putting women in control of its production. The startup partnered with Yulu to train its female employees. They are using e-bikes as part of this mobility expansion to increase their efficiency and help deliver service faster.
—Rahul Taneja, Partner at Lightspeed Capital commenting on the transformative potential of Snabbit in the home services sector
“Snabbit is transforming home services in India by bringing speed, structure, and trust to a sector that has largely operated informally until now,” – Rahul Taneja
Taneja is excited to be contributing to Snabbit’s mission. Together, they’re looking to change that perception, turning what was previously viewed as a luxury into a convenient, essential service to support daily life.
“We are excited to join them on this journey and support their mission to transform and scale what was once considered a luxury into a day-to-day necessity.” – Rahul Taneja
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