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Indian on-demand home services startup Snabbit has raised $19 million in a new funding round led by Lightspeed Venture Partners, marking a rapid follow-up to its $5.5 million Series A round raised just four months earlier. The fresh capital injection aims to support Snabbit's expansion across India as the company positions itself as a key player in the growing quick delivery and home services market. This funding round comes shortly after Pronto, a Gurugram-based rival, announced a $2 million seed round led by Bain Capital Ventures, highlighting increased investor interest in the sector.
Snabbit raises $19 mn to expand on-demand home services across #India @PeerzadaAbrar https://t.co/JE5mo40vvk
The round comes just four months after the company raised $5.5 million in its Series A round and also days after its arch rival Pronto, a Gurugram-based startup, announced its seed round of $2 million from Bain Capital Ventures. Apart from companies like Snabbit and Pronto, https://t.co/ugkfdnyNaS
Snabbit raises $19 million from Lightspeed and others as investors pour money into quick delivery startups https://t.co/6xPDd13X8N via @moneycontrolcom
