Quick service app Snabbit raises $5.5 million from Elevation Capital, Nexus Venture Partners

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Quick service app Snabbit, which offers hyperlocal on-demand home services, has raised $5.5 million in its Series A funding round.The round was led by Elevation Capital, with participation from existing investor Nexus Venture Partners and angel investors, including Vidit Aatrey and Sanjeev Barnwal (Meesho), Gaurav Munjal (Unacademy), and Niraj Singh (Spinny).

The company plans to allocate the new funds towards customer acquisition, expanding into new micro-markets across Mumbai in the coming months, and hiring talent to enhance its operational and…



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Quick service app Snabbit raises $5.5 million from Elevation Capital, Nexus Venture Partners


Quick service app Snabbit, which offers hyperlocal on-demand home services, has raised $5.5 million in its Series A funding round.The round was led by Elevation Capital, with participation from existing investor Nexus Venture Partners and angel investors, including Vidit Aatrey and Sanjeev Barnwal (Meesho), Gaurav Munjal (Unacademy), and Niraj Singh (Spinny).

The company plans to allocate the new funds towards customer acquisition, expanding into new micro-markets across Mumbai in the coming months, and hiring talent to enhance its operational and…



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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