Quick service app Snabbit raises $19 million in round led by Lightspeed

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Quick service app Snabbit, which offers hyperlocal, on-demand home services, has raised $19 million in a funding round led by Lightspeed.

Existing investors Elevation Capital and Nexus Venture Partners also participated in the round.

The Mumbai-based startup plans to use the fresh capital to expand into new micro-markets and strengthen its team amid rising demand for rapid, on-demand home services in India.

Founded in 2024 by Aayush Agarwal, a former chief of staff at quick commerce platform Zepto, Snabbit connects households with trained professionals…



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Quick service app Snabbit raises $19 million in round led by Lightspeed


Quick service app Snabbit, which offers hyperlocal, on-demand home services, has raised $19 million in a funding round led by Lightspeed.

Existing investors Elevation Capital and Nexus Venture Partners also participated in the round.

The Mumbai-based startup plans to use the fresh capital to expand into new micro-markets and strengthen its team amid rising demand for rapid, on-demand home services in India.

Founded in 2024 by Aayush Agarwal, a former chief of staff at quick commerce platform Zepto, Snabbit connects households with trained professionals…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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