Snabbit, an on-demand home services app, has appointed Abhinav Ankur as Chief Business Officer (CBO) to lead business expansion as the company moves from early adoption toward structured market leadership. The move comes as India’s home services market—estimated at over $60 billion—is projected to grow at an 18–22% CAGR through FY30, according to a market report cited by Entrackr.
What Snabbit offers: hourly on-demand home services
Founded in 2024, Snabbit is an on-demand home services platform that connects households with trained professionals. The app supports bookings for tasks such as cleaning, dishwashing, and laundry, with users able to book experts by the hour. The platform targets service delivery within 10 minutes of booking.
CBO appointment signals shift toward structured scaling
Abhinav Ankur joins Snabbit to support business expansion as the company strengthens its position as a category creator and early market leader in a large, underpenetrated segment. Ankur brings experience across consumer internet and logistics-led platforms, with leadership roles at OYO and WheelsEye, where he drove business growth, operational scale, and category expansion.
According to Entrackr, the appointment reflects Snabbit’s transition from rapid early adoption to structured market leadership. This shift typically indicates a focus on repeatable unit economics and operational reliability.
Competition intensifies in the quick-service home segment
The market is seeing rising competition from both incumbents and new entrants. Urban Company’s InstaHelp operates in a similar category and crossed 1 million bookings in March, scaling to over 50,000 daily bookings.
Snabbit has also reported traction with 1 million orders in March. Pronto completed one year of operations and reported over 500,000 monthly fulfilled bookings.
Funding and market outlook
Snabbit’s leadership, led by Ayush Aggarwal, is reportedly looking to raise $50–60 million in an upcoming funding round, according to Economic Times reporting cited by Entrackr. With India’s home services market projected to grow at 18–22% annually through FY30, the segment presents significant expansion opportunities for platforms that can sustain service quality and operational reliability at scale.
Source: Entrackr : Latest Posts