India’s Snabbit seeks fresh funding at a $400M valuation, sources say

Snabbit, a Bengaluru-based startup specializing in instant house-help services, is on the verge of securing new funding that could elevate its valuation to approximately $400 million. The funding round, reportedly led by Susquehanna Venture Capital, aims to raise around $50 million, although sources indicate it could exceed $55 million due to strong investor interest. The upcoming round is expected to attract participation from notable investors including Mirae Asset, FJ Labs, and existing backers such as Lightspeed Venture Partners and Bertelsmann India Investments. This new funding would represent a significant increase from the startup’s previous valuation of $180 million, which was established when it raised $30 million back in October 2025. Founded in 2024, Snabbit offers a platform that connects users with on-demand domestic help, streamlining services like cleaning, dishwashing, and laundry. The startup has experienced a surge in demand, completing over one million jobs in March alone, driven by India’s rapidly urbanizing population that increasingly relies on app-based services. In a recent LinkedIn update, Snabbit's founder and CEO Aayush Agarwal highlighted that the company had processed over 10,000 daily jobs and amassed more than 300,000 orders in October. The workforce on Snabbit's platform consists entirely of approximately 5,000 women professionals. As the fundraising efforts unfold, the deal announcement could happen as early as next week. Meanwhile, competitors like Pronto and Urban Company are also experiencing heightened investor interest and growth in this burgeoning market.