Indian instant house-help startup Snabbit is close to raising fresh funding at a valuation of around $400 million (25/04).

The Bengaluru-based company is in talks to raise about $50 million, with the round potentially reaching $55 million or higher due to strong investor demand, according to people familiar with the deal.

The round is expected to be led by Susquehanna Venture Capital, with participation from Mirae Asset, FJ Labs, and existing investors including Lightspeed Venture Partners and Bertelsmann India Investments.

Funding Round Marks Significant Valuation Jump

The potential valuation represents a significant increase from the $180 million valuation at which Snabbit raised $30 million in October 2025.

The deal could be announced as early as next week, according to sources cited in the report.

Before this round, the startup had raised a total of $55 million since its founding in 2024.

Snabbit Expands On-Demand Domestic Services

Snabbit connects households with on-demand domestic help for cleaning, dishwashing, laundry, and other chores.

The platform offers quick turnaround times through a managed network of workers providing these services.

Investor Interest Grows in Instant House-Help Startups

The fundraising comes as investor interest rises in instant house-help startups in India.

Rival Pronto is finalizing a funding round led by Lachy Groom at a valuation of about $200 million.

At the same time, Urban Company reported that its instant home services offering crossed one million bookings in March.

The increasing demand is partly driven by India’s young urban workforce, which is accustomed to ordering services such as groceries on demand through apps.

Platform Activity Surges with Over One Million Jobs Completed

Snabbit founder and CEO Aayush Agarwal said in a LinkedIn post that the company completed more than one million jobs in March alone.

He previously stated that the platform recorded over 10,000 daily jobs and more than 300,000 total orders in October.

At that time, the startup worked with about 5,000 professionals on its platform, all of whom were women.

PHOTO: SNABBIT

This article was created with AI assistance.

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