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.
The funding round, led by Bertelsmann India Investments, brings the startup's total funding to $55 million.
- The all-equity Series C round was participated by existing backers Lightspeed, Elevation Capital, and Nexus Venture Partners.
- Snabbit's daily bookings have grown from 1,000 jobs in May to over 10,000 daily bookings.
- The company has crossed 300,000 total orders in October, according to founder and CEO Aayush Agarwal.
Snabbit's fresh funding follows a sharp rise in activity.
Author's summary: Snabbit's valuation doubles to $180M in 5 months.