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Snabbit To Raise $30 Mn From Bertelsmann, Lightspeed


SUMMARY

Quick service startup Snabbit is raising INR 265.4 Cr (about $30 Mn) in its Series C round led by Bertelsmann Nederland BV

Existing investors Lightspeed Venture Partners, Elevation Capital, and Nexus Venture Partners are also participating in the round

In its filing, the startup said that it needs the funds to meet its working capital requirements and sustain the growth of its user base across India

Days after moving to Bengaluru, quick service startup Snabbit is…



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