Snabbit nears $400M valuation in new funding round

Snabbit, a Bengaluru-based instant house-help startup—which provides on-demand domestic services like cleaning and laundry—is close to raising fresh funding at a valuation of around $400 million. The startup, founded in 2024, is in talks to raise around $50 million, according to sources. One source added that the round could be about $55 million or higher due to strong investor demand, which may prompt the company to raise more than initially planned. The deal could be announced as early as next week.

The funding round is led by Susquehanna Venture Capital. The transaction is expected to include participation from:

• Mirae Asset
• FJ Labs
• Existing investors, including Lightspeed Venture Partners and Bertelsmann India Investments

The proposed round would mark a significant valuation jump for the Indian startup. Snabbit previously raised $30 million in October 2025 at a $180 million valuation. Before this current 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 startup Pronto is currently finalizing a funding round led by investor Lachy Groom at about a $200 million valuation. Meanwhile, Urban Company, a competitor in the home services space, asserted that its instant home services offering crossed 1 million bookings in March.

Snabbit has also seen significant operational growth. Founder and CEO Aayush Agarwal stated in a recent LinkedIn post that the company completed more than 1 million jobs in March alone. Agarwal previously noted that the startup recorded over 10,000 daily jobs and more than 300,000 total orders in October. At that time, the startup worked with about 5,000 professionals on its platform, all of whom were women.

Why it matters

The fundraise highlights the intense competition and investor appetite for on-demand domestic services in India, as startups like Snabbit and Pronto scale to meet the needs of a young, urban workforce.