Snabbitan Indian instant home help startup, is close to raising new funding at a valuation of around $400 million in a round led by Susquehanna Venture Capital, according to TechCrunch.
The Bengaluru-based startup is in talks to raise about $50 million in the round, according to three people familiar with the deal. One of the people added that the round could be around $55 million or higher, as strong investor demand may push the company to raise more than originally planned.
The round is expected to include participation from Mirae Asset, FJ Labs and existing investors including Lightspeed Venture Partners and Bertelsmann India Investments, the people told TechCrunch. It would mark a significant jump from the $180 million valuation at which Snabbit raised $30 million in October 2025. The deal could be announced as early as next week.
Founded in 2024, Snabbit connects households with on-demand domestic help for cleaning, dishwashing, laundry and other chores, offering fast turnaround times through a managed network of workers. Prior to this round, the startup had raised $55 million in total funding.
The fundraising comes amid growing investor interest in home-based startups in India. Rival Pronto closes a funding round led by tech investor Lachy Groom at a valuation of around $200 million. Urban Company, a leading player in this space, said it offers direct home services exceeded one million bookings in March.
The growing demand is partly driven by India’s young, urban workforce, which is used to ordering services such as on-demand groceries through apps.
Snabbit founder and CEO Aayush Agarwal said in a recent LinkedIn post that the company had completed more than one million jobs only in March. It previously told TechCrunch that it recorded over 10,000 daily jobs and more than 300,000 total orders in October.
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The startup worked with about 5,000 professionals on its platform at the time, all of whom were women, he added.
Snabbit and its investors did not respond to requests for comment.
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