India's Snabbit seeks funding at $400M valuation

Snabbit, an Indian instant house-help startup, is close to raising fresh funding at a valuation of around $400 million in a round led by Susquehanna Venture Capital, according to TechCrunch sources. The Bengaluru-based startup is in talks to raise around $50 million, though one person added that the round could reach $55 million or higher due to strong investor demand. The round is expected to include participation from Mirae Asset, FJ Labs, and existing investors including Lightspeed Venture Partners and Bertelsmann India Investments. 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. Before this round, the startup had raised $55 million in total funding. Founder and CEO Aayush Agarwal said in a recent LinkedIn post that the company completed more than one million jobs in March alone. He had earlier told TechCrunch that it recorded over 10,000 daily jobs and more than 300,000 total orders in October, working with about 5,000 professionals on the platform at the time, all of whom were women. The fundraise comes amid growing investor interest in instant house help startups in India. Rival Pronto is finalizing a funding round led by Lachy Groom at about a $200 million valuation. Urban Company said its instant home services offering crossed one million bookings in March.