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Lightspeed backs Indian home services startup Snabbit as the next big consumer trend

  • Indian home services have traditionally been offline, but startups are now leveraging technology for transformation.
  • Snabbit, a startup founded last year, allows customers to book various home services through its app.
  • It recently secured $19 million in Series B funding from Lightspeed, Elevation Capital, and Nexus Venture Partners.
  • Snabbit focuses on sourcing, screening, training, and managing workers to ensure quick service.
  • Competition in this space includes Urban Company, Broomees, and Pronto which are also gaining traction.
  • Snabbit charges between ₹169 and ₹499 for services, offering a different pricing model than its competitors.
  • The startup invests in technology for better customer experiences and compliance with regulations.
  • Workers on Snabbit's platform receive benefits like insurance and a reliable support system.
  • The potential for growth is high, with plans to expand to more micro markets within India.
  • While showing promising growth, Snabbit faces challenges in customer retention and competition in the market.

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