Quick service app Snabbit raises $5.5 million from Elevation Capital, Nexus Venture Partners

Quick service app Snabbit, which offers hyperlocal on-demand home services, has raised $5.5 million in its Series A funding round.The round was led by Elevation Capital, with participation from existing investor Nexus Venture Partners and angel investors, including Vidit Aatrey and Sanjeev Barnwal (Meesho), Gaurav Munjal (Unacademy), and Niraj Singh (Spinny).

The company plans to allocate the new funds towards customer acquisition, expanding into new micro-markets across Mumbai in the coming months, and hiring talent to enhance its operational and…