Snabbit raises $56 million from Susquehanna VC, Mirae, others; valuation doubles to $350 million

The heat is on in the home services market and startups in the space have been building war chests to fund their efforts to get ahead in the high-cash-burn segment. On Tuesday, Instant house help platform Snabbit said it has raised $56 million (around Rs 529 crore) in a round co-led by Susquehanna Venture Capital, Unicorn Growth Fund and Bertelsmann India Investments.