Quick service app Snabbit raises $19 million in round led by Lightspeed

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Here’s a breakdown of the relevant information from the article regarding the startup Snabbit:

Startup

  • Name: Snabbit
  • Founded: 2024
  • Founder: Aayush Agarwal

Funding Details

  1. Latest Funding Round:

    • Amount Raised: $19 million
    • Funding Round Type: Series not specified
    • Date: Recent (exact date not provided)

  2. Previous Funding Rounds:

    • Date: Earlier in 2024

      • Amount Raised: $5.5 million
      • Led By: Elevation Capital
      • Participants: Nexus Venture Partners, angel investors
    • Date: Unknown (2024)
      • Amount Raised: $1 million
      • Led By: Nexus Venture Partners

Investors

  • Lead Investors:
    • Lightspeed (latest funding)
    • Elevation Capital (previous rounds)
    • Nexus Venture Partners (previous rounds)

Usage of Funds

  • Expansion into new micro-markets
  • Strengthening the team

Operational Model

  • Snabbit operates a full-stack model managing the sourcing, training, and deployment of professionals for on-demand home services, with a time-based pricing structure.

Current Operations

  • Areas of operation include:
    • Mumbai: Powai, Thane, Marol, Ghatkopar
    • Bengaluru: Bellandur, Sarjapura

This information summarizes the key aspects of Snabbit’s funding, investors, and operational insights.

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2025-05-29 01:30:00