Snabbit of India Pursues New Funding with $400M Valuation, Sources Indicate

Snabbit, an Indian startup providing instant house-help, is nearing a new funding round with a valuation of about $400 million, led by Susquehanna Venture Capital, according to TechCrunch. The Bengaluru-based company is negotiating to raise around $50 million, with potential to increase to $55 million or more due to strong investor interest, said insiders familiar with the matter. The round is expected to see participation from Mirae Asset, FJ Labs, and current investors like Lightspeed Venture Partners and Bertelsmann India Investments. This follows its previous $180 million valuation when Snabbit raised $30 million in October 2025. An official announcement might occur next week. Established in 2024, Snabbit links households to on-demand domestic help services such as cleaning and laundry, utilizing a managed network of workers. Prior to this round, the company had raised $55 million in total funding. Investor interest in Indian instant house-help startups is increasing, with competitor Pronto concluding a round led by Lachy Groom at a $200 million valuation. Urban Company, a leader in this sector, reported over one million monthly bookings for their quick home services in March. The surge in demand stems from India’s young, urban demographic accustomed to on-demand service apps. Snabbit’s founder and CEO Aayush Agarwal shared on LinkedIn that the company exceeded one million jobs in March alone, with over 10,000 daily jobs and 300,000 total orders recorded in October. At the time, Snabbit collaborated with about 5,000 professionals, all women, on its platform. The company and its investors have not commented on the matter.