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

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, TechCrunch has learned. The Bengaluru-based startup is in talks to raise around $50 million in the round, according to three people with knowledge of the deal. One of the people added that the round could be around $55 million or higher, as strong investor demand may prompt the company to raise more than initially planned. The round is expected to include participation from Mirae Asset, FJ Labs, and existing investors including Lightspeed Venture Partners and Bertelsmann India Investments, the people told TechCrunch. 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, offering quick turnaround times through a managed network of workers. Before this round, the startup had raised $55 million in total funding. The fundraise comes amid growing investor interest in instant house help startups in India. Rival Pronto is finalizing a funding round led by tech investor Lachy Groom at about a $200 million valuation. Urban Company, a top player in this space, said its instant home services offering crossed one million bookings in March. The rising demand is partly driven by India’s young, urban workforce, which has grown accustomed to ordering services such as groceries on demand through apps. Snabbit founder and CEO Aayush Agarwal said in a recent LinkedIn post that the company had 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. Techcrunch event Meet your next investor or portfolio startup at Disrupt Your next round. Your next hire. Your next breakout opportunity. Find it at TechCrunch Disrupt 2026, where 10,000+ founders, investors, and tech leaders gather for three days of 250+ tactical sessions, powerful introductions, and market-defining innovation. Register now to save up to $410. Meet your next investor or portfolio startup at Disrupt Your next round. Your next hire. Your next breakout opportunity. Find it at TechCrunch Disrupt 2026, where 10,000+ founders, investors, and tech leaders gather for three days of 250+ tactical sessions, powerful introductions, and market-defining innovation. Register now to save up to $410. San Francisco, CA | October 13-15, 2026 REGISTER NOW The startup worked with about 5,000 professionals on its platform at the time, all of whom were women, he added. Snabbit and its investors did not respond to requests for comment. Topics FJ Labs, India, lightspeed venture partners, Mirae Asset Venture Investment, Snabbit, Startups, Susquehanna Venture Capital, Venture When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence. Jagmeet Singh Reporter Jagmeet covers startups, tech policy-related updates, and all other major tech-centric developments from India for TechCrunch. He previously worked as a principal correspondent at NDTV. You can contact or verify outreach from Jagmeet by emailing mail@journalistjagmeet.com. View Bio April 30 San Francisco, CA StrictlyVC kicks off the year in SF. Register now for unfiltered fireside…

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