Snabbit In Talks To Raise $20 Mn

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Mumbai-based Snabbit, which provides home services in 10 minutes, is in talks to raise about $20 Mn (about INR 170 Cr) in its Series B funding round, which will be led by Lightspeed Ventures, sources told Inc42. 

The discussions are in advanced stages and the round is expected to be finalised soon, they added.

“Snabbit has received the term sheet from Lightspeed Ventures. If things go well, they will be leading the round, while existing investors will also participate,” said one of the sources. 

Existing investors Elevation Capital and…



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Snabbit In Talks To Raise $20 Mn


Mumbai-based Snabbit, which provides home services in 10 minutes, is in talks to raise about $20 Mn (about INR 170 Cr) in its Series B funding round, which will be led by Lightspeed Ventures, sources told Inc42. 

The discussions are in advanced stages and the round is expected to be finalised soon, they added.

“Snabbit has received the term sheet from Lightspeed Ventures. If things go well, they will be leading the round, while existing investors will also participate,” said one of the sources. 

Existing investors Elevation Capital 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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