Snabbit, a startup from India providing instant household assistance, is nearing a fresh funding round that estimates its valuation at approximately $400 million, as reported by TechCrunch, with Susquehanna Venture Capital leading the investment.
The startup, located in Bengaluru, is reportedly negotiating to raise about $50 million in this round, as disclosed by three sources familiar with the situation. One source indicated that the total might exceed $55 million due to high investor interest, potentially leading to a larger raise than initially anticipated.
The funding round is expected to see participation from Mirae Asset, FJ Labs, along with existing stakeholders such as Lightspeed Venture Partners and Bertelsmann India Investments, according to the sources who spoke to TechCrunch. This would represent a substantial increase from the $180 million valuation when Snabbit secured $30 million in October 2025. An announcement regarding the deal could be made as soon as next week.
Established in 2024, Snabbit provides connections between households and on-demand domestic assistance for tasks like cleaning, dishwashing, laundry, and other chores, ensuring quick service delivery via a managed network of workers. Prior to this funding round, the startup amassed a total of $55 million in funding.
This fundraising effort emerges amid a surge of interest from investors in Indian instant household services. Competing company Pronto is wrapping up a funding round led by tech investor Lachy Groom at an estimated $200 million valuation. Urban Company, a prominent competitor in this market, announced that its instant home services crossed over one million bookings in March.
The increasing demand can be attributed to India’s youthful, urban workforce, which has become accustomed to ordering on-demand services like groceries through mobile applications.
Aayush Agarwal, the founder and CEO of Snabbit, stated in a recent LinkedIn update that the firm completed more than one million tasks in March alone. Previously, he mentioned to TechCrunch that the platform handled over 10,000 daily tasks and accumulated more than 300,000 total orders by October.
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At that point, the startup was collaborating with approximately 5,000 professionals on its platform, all of whom were women, he mentioned.
Neither Snabbit nor its investors responded to inquiries for commentary.
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