Snabbit, a home services startup from India offering on-demand solutions, has successfully secured a funding round of $56 million, affirming an earlier report by TechCrunch.

Led jointly by Susquehanna Venture Capital, Mirae Asset Venture Investments’ Unicorn Growth Fund, and Bertelsmann India Investments, the Series D funding values the Bengaluru-headquartered startup at approximately $350 million, according to a source with knowledge of the situation. This marks an increase from its previous valuation of $180 million just six months prior. Current investors Nexus Venture Partners and Lightspeed also took part, alongside FJ Labs. The company has accumulated around $112 million in funding overall.

Established in 2024, Snabbit reports that it now handles over 40,000 jobs per day through a workforce of more than 15,000 individuals in five cities, providing services like cleaning, dishwashing, and laundry as the demand for swift, on-demand home assistance surges in urban areas of India.

The startup noted that its losses per order have decreased by nearly 50%, while customer acquisition expenses have lowered by about 65%.

The fundraising by Snabbit arrives as there is a growing investor interest in India’s on-demand home services market, with competitor Pronto also seeking new funding and the publicly listed Urban Company announcing over one million bookings each month.