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Snabbit<\/a>, an Indian on-demand home services startup, has closed a $56 million funding round, confirming TechCrunch\u2019s earlier report<\/a>.<\/p>\n Co-led by Susquehanna Venture Capital, Mirae Asset Venture Investments\u2019 Unicorn Growth Fund, and Bertelsmann India Investments, the company\u2019s Series D round values the Bengaluru-based startup at around $350 million, according to a person familiar with the matter. That\u2019s up from $180 million<\/a> about six months ago. Existing investors Nexus Venture Partners and Lightspeed also participated, alongside FJ Labs. The company has raised about $112 million in total.<\/p>\n Founded in 2024, Snabbit said it is now processing over 40,000 jobs daily across a network of more than 15,000 workers in five cities, offering services such as cleaning, dishwashing, and laundry as demand for rapid, on-demand home services grows in urban India.<\/p>\n The startup said the amount it loses on each order has fallen about 50%, while its customer acquisition costs have shrunk roughly 65%.<\/p>\n Snabbit\u2019s fundraise comes as investor interest in India\u2019s on-demand home services sector heats up, with rival Pronto also in talks to raise fresh capital<\/a> and publicly traded Urban Company reporting more than one million monthly bookings.<\/p>\n<\/div>\n