Snabbit Pursues $70 Million Funding from Mirae, SIG Amidst Quick Services Sector Competition
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Snabbit Nears $70M Funding from Mirae, SIG Amid Quick Services War
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Moneycontrol•15-03-2026, 19:19
Snabbit Nears $70M Funding from Mirae, SIG Amid Quick Services War
•Quick home services startup Snabbit is in advanced talks to raise $60-$70 million from Mirae Asset and Susquehanna International Group (SIG).
•The funding round is expected to value Snabbit at $350-$400 million, with existing investors like Bertelsmann India Investment, Lightspeed Venture Partners, and Elevation Capital also participating.
•The capital will help Snabbit expand its quick home services platform and strengthen its network of service professionals.
•India's quick home services segment is experiencing rapid growth and intense competition, drawing significant investor interest.
•Urban Company's InstaHelp vertical is scaling rapidly, while rival Pronto recently secured $25 million in Series B funding, intensifying the market race.
