[Update] Exclusive: Quick Home Service Platform Snabbit In Talks To Raise $20 Mn...

Snabbit in talks to raise $20M - Quick commerce startup Snabbit has successfully secured $19 million in a Series B funding round led by Lightspeed, with participation from existing investors Elevation Capital and Nexus Venture Partners. This fresh capital infusion, coming just four months after its Series A raise, will enable Snabbit to significantly expand its operations across major Indian metropolitan areas and enter over 200 micro-markets within the next nine months. The company, which focuses on on-demand home services, aims to build a comprehensive, tech-enabled platform for rapid household services, positioning itself to compete in India's fast-growing on-demand service sector.