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.
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.