Exclusive: Snabbit set to raise $30 Mn with over 2X valuation premium

Entrackr reports that Snabbit, an on-demand home-services startup founded in 2024, is set to raise roughly $30 million (₹265.4 crore) in a Series C round led by Bertelsmann with participation from Lightspeed, Elevation and Nexus. The regulatory filing shows issuance of Series C CCPS and details investor-wise allocations, with Bertelsmann taking the largest new tranche. The proceeds are earmarked for working capital, capex and growth initiatives as the Bengaluru-headquartered company seeks to scale faster and expand its addressable market. Entrackr’s analysis estimates the round will more than double the company’s valuation from its Series B mark, reflecting a strong re-rating within months; the story also situates Snabbit against incumbents such as Urban Company and newer players like Pronto, highlighting competitive dynamics in the in-home services vertical and the pressure on unit economics and market share.