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.
The company crossed 300,000 total orders in October, said founder and CEO Aayush Agarwal in an interview with TechCrunch.
- Snabbit's daily bookings grew from about 1,000 jobs a day in May to more than 10,000 daily bookings.
- The startup's valuation doubled in just five months.
Author's summary: Snabbit's valuation doubles to $180M after new funding round.
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