The Bengaluru-based startup is in advanced discussions to raise roughly USD 50 million in a new funding round, the report says
Amid growing investor interest in instant house-help startups in India, Snabbit is close to raising fresh funding at a valuation of around USD 400 million. A media report noted that the round is led by Susquehanna Venture Capital.
The Bengaluru-based startup is in advanced discussions to raise roughly USD 50 million in a new funding round, according to three sources familiar with the matter, the report mentioned. One source noted the round could go up to USD 55 million or more, driven by strong investor interest prompting the company to increase the size beyond initial plans, the report pointed out.
The funding round is likely to see participation from Mirae Asset, FJ Labs and existing backers such as Lightspeed Venture Partners and Bertelsmann India Investments, the sources said. This would mark a sharp uptick from the USD 180 million valuation at which Snabbit raised USD 30 million in October 2025, with an deal notification expected as early as next week.
Snabbit offers on-demand domestic help for tasks such as cleaning, dishwashing and laundry, delivering quick turnaround through a managed network of workers. Prior to this round, the startup had raised a total of USD 55 million.
The fundraise comes amid rising investor interest in instant home services in India. Rival Pronto is closing a round led by tech investor Lachy Groom at a valuation of around USD 200 million, while Urban Company recently said its instant home services crossed one million bookings in March.
This surge in demand is being fuelled by India’s young, urban consumers, who are increasingly getting accustomed to app-based, on-demand services, from groceries to home assistance, driving adoption in the category.
