Ex-Zepto executive raises $5.5 million for his quick commerce startup Snabbit

Snabbit raises $5.5 million

Snabbit, a quick-commerce startup offering on-demand home services, has raised $5.5 million in Series A round funding led by Elevation Capital, with participation from Nexus Venture Partners.

The round also saw participation from prominent angel investors including Meesho's Vidit Aatrey and Sanjeev Barnwal, Unacademy's Gaurav Munjal and Spinny's Niraj Singh, the company has said.

The round follows an earlier $1 million seed investment by Nexus Venture Partners in early 2024.

"Over the past few months, we’ve been extremely focused on understanding customer pain points and building a model that is not only scalable but truly game-changing," Snabbit founder and CEO Aayush Agarwal said.

"The response, so far, has been highly encouraging—we’ve acquired thousands of customers within just a few kilometers of serviceable radius, driven primarily by strong word-of-mouth. This is just the beginning of what we see as a massive opportunity," he added.

Founded in 2024 by Agarwal, Zepto’s former chief of staff, Snabbit offers trained personnel within 15 minutes for multiple home tasks such as general cleaning, dishwashing, and laundry.

The funds would be used to expand to locations beyond Mumbai and build a strong team, the startup said.

Snabbit's funding round comes at a time when several quick delivery startups are cropping up, including the likes of Swish, Zing and FirstClub. The startups are building in a space already dominated by large players such as Blinkit, Zepto and Swiggy Instamart.

Looking to replicate the success of 15-minute grocery deliveries, companies are venturing into other categories including clothing, medicines and food delivery.

Snabbit said it is adopting a full-stack approach while offering its services, all the way from sourcing, training, and managing its experts – a move the company hopes will give it a competitive edge in the now crowded quick delivery market.

“Snabbit's platform, which provides quick, on-demand and affordable home services through a hyperlocal network of professionals, is a game-changer. Leveraging a unique model to deliver reliable and high-quality services swiftly, they stand out in the home services sector,” said Manish Advani, vice president, Elevation Capital.

With the round, Snabbit joined the growing list of quick delivery startups that have picked up funding from prominent investors such as Accel, Elevation Capital, and Nexus Venture Partners.