Quick service app Snabbit to expand into cooking, elder care, child care after $30 million fundraise

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As competition intensifies in the quick-service space, Bengaluru-based Snabbit is broadening its offerings to include cooking, elder care, and child care after raising $30 million in a funding round led by Bertelsmann India Investments (BII), according to founder Aayush Agarwal.

Snabbit, which offers hyperlocal, on-demand home services, raised $19 million in a round led by Lightspeed Venture Partners in May and $5.5 million in a round led by Elevation Capital in January. The latest funding marked the company’s third fundraise this year.

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Quick service app Snabbit to expand into cooking, elder care, child care after $30 million fundraise



As competition intensifies in the quick-service space, Bengaluru-based Snabbit is broadening its offerings to include cooking, elder care, and child care after raising $30 million in a funding round led by Bertelsmann India Investments (BII), according to founder Aayush Agarwal.

Snabbit, which offers hyperlocal, on-demand home services, raised $19 million in a round led by Lightspeed Venture Partners in May and $5.5 million in a round led by Elevation Capital in January. The latest funding marked the company’s third fundraise this year.

“We have an…



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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