Snabbit's Valuation Doubles to $180M
Snabbit, an on-demand home-help startup, has raised $30 million in new funding, lifting its valuation to $180 million, up from $80 million five months ago.
The funding round was led by Bertelsmann India Investments, with participation from existing backers Lightspeed, Elevation Capital, and Nexus Venture Partners, bringing the startup's total funding to $55 million.
Snabbit's fresh funding follows a sharp rise in activity, with the Bengaluru-based startup growing from about 1,000 jobs a day in May to more than 10,000 daily bookings.
- Total orders crossed 300,000 in October, according to founder and CEO Aayush Agarwal.
- This is Snabbit's third funding round in nine months.
Author's summary: Snabbit's valuation doubles to $180M in 5 months.