VCs chase quick home service, but risks loom

More entrants likely in 2026, with investors betting largely on market size

- Rwit Ghosh

Quick home services are increasingly drawing venture capital funding despite concerns over high costs and limited differentiation across platforms.

(MINT)

Quick home service, as an emerging business, has caught the eye of venture capital (VC) investors, even though experts warn that the sector is cost-intensive and lacks differentiation. Currently, there are several companies catering to the market, including recently listed Urban Company, Snabbit, Pronto and Broomees.

Snabbit, which set up its first centre in Mumbai before expanding, and Pronto, which began operations in Gurugram, are raising money. The former is looking to raise $100-120 million at a $500-550 million valuation. The latter, which raised $2 million in May, is in talks to raise another round, as per Moneycontrol.com website.