The Funding Talks: Bigger Bet, Sharper Valuation Snabbit is in talks to raise $100–120 million from a mix of new and existing investors, at a likely valuation of $500–550 million. If this goes through, it would mark a sharp jump from its last valuation of ~$180 million in October—signalling strong investor confidence in the category.
Why investors are interested: > On-demand home services are still under-penetrated online > Repeat usage potential is high > Urban consumers are increasingly outsourcing daily chores
What Snabbit Does Differently Founded in 2024 by ex-Zepto executive Aayush Agarwal, Snabbit offers instant home help—often within 10 minutes. Instead of long-term maids, users can book hourly, task-based services like: * Dishwashing * Laundry * Kitchen & bathroom cleaning
Key differentiator: _Speed + flexibility, similar to how quick commerce changed grocery buying._
Snabbit also allows bundling multiple tasks in one booking, improving unit economics.
Growth Metrics & Expansion Plan
Snabbit is already clocking about ₹8 crore in monthly gross revenue, translating to roughly $12 million annualised revenue—strong traction for a young startup.
What’s next: > Expansion into home cooks > Entry into childcare and elder care > Deeper penetration in Tier-1 cities
This is Snabbit’s fifth funding round, with backers including Lightspeed, Elevation Capital, Nexus Venture Partners, and Bertelsmann India Investments.
Market Opportunity & Competitive Landscape
India’s home services market is large and fragmented: $60 billion market in FY25
Expected to reach $100 billion by FY30
Online segment still small (~$475 million) but growing at 18–22% CAGR
Competition includes: * Urban Company (now publicly listed) * Pronto and Broomies (early-stage players) Many startups tried and failed pre-2019—but today’s mix of urban density, gig workforce, and app-first behaviour makes this cycle very different.
Bottom Line: Snabbit’s funding talks show that investors are backing convenience as a habit, not a luxury. If successful, this round could position Snabbit as a category-defining player in instant home services—much like quick commerce did for groceries.
Indian equities traded largely unchanged on Wednesday, with the Sensex and Nifty steadying after two consecutive sessions of losses and trading marginally higher.
Major Indices Performance:
•NIFTY 50: 📈 Gained by 0.16%, closing at 25,818. • SENSEX: 📈 Increased by 0.15%, ending at 84,550. • BANK NIFTY: 📈 Went up by 0.18%, closing at 58,926. • NIFTY MIDCAP: 📉 Declined by 0.54%, closing at 59,388. •NIFTY SMALLCAP: 📉 Down by 0.73%, ending at 17,138.
Major Indices Performance:
• Gainers 📈: Nifty PSU Bank closed higher by 1.29% at 8,318 followed by Nifty IT which closed at 38,172 (0.29%) higher.
• *Losers 📉:* Nifty Media closed lower at 1,11 (-1.71%) followed by Nifty India Defence closing at 7,380 (-1.11%) down.
🗞️ Major news headlines of the day:
• Silver hits record Rs 2.06 lakh/kg. • Oil jumps 1.5% as Trump's Venezuela blockade stokes uncertainty • RailTel shares jump 2% on reports of talks with Elon Musk’s Starlink for broadband partnership.
Note: This post is for educational purposes only and not a buy/sell recommendation.
NIFTY 50: 📉 Closed at 25,860, down by 0.64% SENSEX: 📉 Closed at 84,679.86, down by 0.63% BANK NIFTY: 📉 Closed at 59,034, down by 0.72% NIFTY MIDCAP: 📉 Closed at 59,710.80, down by 0.83% NIFTY SMALLCAP: 📉 Closed at 17,265.15, down by 0.92%
Market Mood: Markets stayed weak and cautious as investors continued profit booking after recent highs.
Global uncertainty (US Fed cues) and pressure on banking stocks kept sentiment negative.
Broader market also slipped, showing risk-off mood among investors.
Sector Performance:
Banks & Financials: Weak - Bank Nifty led the fall due to selling in large lenders.
Mid & Smallcaps: Under pressure - higher selling as investors avoided risk. * IT: Slightly better than others, but no strong buying. * Metals & Realty: Soft - linked to global growth concerns.
Major News Headlines of the Day
1)MUFG in Final Talks to Acquire 20% of Shriram Finance Japan’s Mitsubishi UFJ Financial Group (MUFG) is reportedly close to finalising a deal to buy a 20% stake in Shriram Finance for over $3.2 billion. If completed, this will bring in major foreign capital into one of India’s large NBFCs
2) Sagarmala Finance Corporation to Start Lending Soon Sagarmala Finance Corporation (SMFCL) — India’s first maritime-focused NBFC — is preparing to begin lending operations, aiming to support port infra and shipbuilding with planned credit of over ₹3.5 lakh crore.
3) Government Tables Bill to Allow 100% FDI in Insurance Parliament introduced the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 to raise the FDI limit in insurance to 100%, a major policy step for the financial sector.
Note: This post is for educational purposes only and not a buy/sell recommendation.
NIFTY 50: 📈 Closed at 26,048, up by 0.57% SENSEX: 📈 Closed at 85,269.73, up by 0.53% BANK NIFTY: 📈 Closed at 59,389.95, up by 0.30% NIFTY MIDCAP: 📈 Closed at 60,283, up by 1.18% NIFTY SMALLCAP: 📈 Closed at 16,396.85, up by 0.83%
Market Mood: Today’s session saw optimism return to Dalal Street, with benchmarks extending their rebound after a Fed rate cut and positive global cues. The Sensex and Nifty climbed higher, supported by broad buying across key segments, even as the rupee remained under pressure. Domestic sentiment stayed cautious due to upcoming inflation data and ongoing trade uncertainty, but overall investor confidence improved as markets snapped a multi-day slide.
Sector Performance:
Metals led the gains, showing strong upside momentum today. Financial Services and Industrial themes also showed steady improvement. Defensive and consumer-focused sectors saw mild pressure, indicating selective buying. Broader market breadth was positive, with mid-cap and small-cap segments participating in the upside.
Major News Headlines of the Day 1. JSW Energy announces $1.11 billion raise and new CFO JSW Energy said it will raise up to ₹100 billion ($1.11 billion) through a securities issuance to fund expansion, and appointed a new Chief Financial Officer effective January 1, 2026.
2. Vedanta wins critical minerals auction Vedanta was declared the successful bidder for the Genjana nickel, chromium, and platinum group elements (PGE) block in the government’s Critical Mineral Auctions, highlighting industry focus on strategic raw materials.
3. Orkla India eyes deals to expand convenience foods business Orkla India (owner of MTR and spice brands) is planning mergers & acquisitions in the ₹11-22 crore range, focusing on ready-to-eat and quick-delivery growth, with online sales up ~47% year-on-year.
Note: This post is for educational purposes only and not a buy/sell recommendation.
Mexico has imposed steep tariffs (up to 50%) on passenger vehicles, two-wheelers and auto parts from several Asian countries, including India. This directly threatens ~$2 billion of India’s auto exports to Mexico.
Fair earnings model for drivers Strong challenger to Ola/Uber Pushes Namma Yatri into North India Govt-backed structure = trust + scale potential
3. Who benefits
Drivers: full fare, profit share, board voice
Namma Yatri: wider expansion + more drivers
Users: transparent fares, ethical alternative
Govt/Coop: supports local ownership model
4. Challenges ahead
Scale fast or lose market share Heavy competition from big apps Different state rules in North India Need high adoption from drivers + riders
Bottom Line: A zero-commission, cooperative-led model looks attractive—but without rapid expansion, deep-pocketed rivals could still dominate the market.
Note: This post is for educational purposes only and not a buy/sell recommendation.
NIFTY 50: 📉 Closed at 25,758, down by 0.32% SENSEX: 📉 Closed at 84,391.27, down by 0.32% BANK NIFTY: 📉 Closed at 58,960, down by 0.44% NIFTY MIDCAP: 📉 Closed at 59,007.75, down by 1.12% NIFTY SMALLCAP: 📉 Closed at 17,090.15, down by 0.90%
*Market Mood* * Market stayed weak for the third straight session as foreign investors continued selling and the rupee remained under pressure. * Global sentiment stayed cautious ahead of the US Fed outcome, with uncertainty around the India–US trade deal adding to the risk-off tone. * Broader market mood softened — with weak advance–decline and indices now being pulled mostly by a handful of heavyweights.
*Sector Performance* * Most sectors ended lower, reflecting overall risk aversion. * Consumer Durables, IT and PSU Banks saw clear weakness through the session. * Financials and Banks stayed soft, while Auto and FMCG showed mild declines. * Metals, Pharma and Media managed to hold up better and closed slightly in the green.
*🗞 Major News Headlines of the Day*
Britannia ramps up rural distribution * Britannia is expanding its rural direct-distribution network and increasing partnerships with kirana clusters. * Strategy aims to counter rising competition in value biscuits.
Maruti Suzuki boosts EV supply-chain planning * Maruti has accelerated vendor localisation for its upcoming EV lineup. * Focus on battery-pack assembly and motor localisation to bring down costs ahead of launch.
HDFC Bank increases focus on retail deposits * The bank signalled sharper push for retail deposit mobilisation to improve funding mix. * Branch expansion + digital acquisition to be ramped up.
Airtel targets enterprise 5G growth * Airtel announced new private-5G solutions for manufacturing and IT parks. * Enterprise services continue to be the key profit driver in the near term
Note: This post is for educational purposes only and not a buy/sell recommendation.
Bajaj Auto: sales grew 8% year-on-year to 4.53 lakh units.
Please Note : This information is shared only for educational and informational purposes do your own research before investing in any financial instruments.
Indian markets traded volatile on Friday and ended almost flat after hitting new intraday peaks, as profit-booking emerged at higher levels. Broader markets were mixed, with smallcaps under pressure even as midcaps briefly touched fresh highs. The rupee slipped to another record low, capping risk-on sentiment.
Major Indices Performance
NIFTY 50 : 📉 Closed at 26,202, up by 0.05% SENSEX : 📉 Closed at 85,706 up by 0.02% BANK NIFTY : 📈 Closed at 59,752, up by 0.03% NIFTY MIDCAP : 📉 Closed at 61,043, up by 0.03% NIFTY SMALLCAP: : 📉 Closed at 17,829, down by 0.27%
Sectoral Performance
Top Gainers 📈: Nifty Auto led the gains with a 0.62% rise, while Nifty Pharma and Nifty Media also advanced by over 0.50%.
Top Losers 📉: Nifty Oil & Gas came under pressure, falling 0.69%, followed by Nifty Realty and Nifty IT, which declined 0.19% and 0.11%,
Major News Headlines of the Day
- India expects US trade deal by year-end, senior official says - Lenskart shares gain 4% after Jefferies initiates coverage with buy rating - JP Morgan Sees Nifty 50 at 30,000 by End-2026 - India to lead emerging market growth with 7% GDP rise in 2025: Moody's
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Note: This post is for educational purposes only and not a buy/sell recommendation.