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Snabbit is closing in on a new financing round that could value the Bengaluru-based home-services startup at roughly $400 million, people familiar with the matter say — a rapid re-rating that underlines renewed investor appetite for on-demand domestic help in India. The potential deal, if completed, would be one of several recent bets on instant home services and comes as the segment sees accelerating consumer demand.
Sources say Susquehanna Venture Capital is leading the round, with Snabbit targeting about $50 million in fresh capital. Several investors — including Mirae Asset, FJ Labs and existing backers such as Lightspeed and Bertelsmann India Investments — are expected to participate, according to people briefed on the negotiations.
What the round looks like
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Snabbit fundraising talks push valuation toward $400 million
Negotiations are ongoing and the final size is still fluid: one source suggested investor interest could push the raise to roughly $55 million or slightly more. Company and investor spokespeople did not reply to requests for comment.
- Lead investor: Susquehanna Venture Capital (reported)
- Targeted amount: ~$50M (could expand to ~$55M+)
- Reported valuation: ~ $400M
- Expected participation: Mirae Asset, FJ Labs, Lightspeed, Bertelsmann India Investments
- Potential timing: announcement could come as soon as next week, according to sources
The proposed valuation would represent a marked increase from the level at which Snabbit last raised capital: the startup secured a $30 million round in October 2025 at about a $180 million valuation. Before the current talks, Snabbit had accumulated roughly $55 million in total funding.
How the business has grown
Launched in 2024, Snabbit operates a managed network of workers that customers can book for chores such as cleaning, dishwashing and laundry with short lead times. The founder, Aayush Agarwal, recently shared on LinkedIn that the company completed more than 1 million jobs in March alone — a volume that, if sustained, underscores rapid traction.
The startup previously reported handling over 10,000 daily jobs and more than 300,000 cumulative orders in October, and said its platform included around 5,000 service professionals at that time — a workforce the company has highlighted as predominantly female.
Why investors are watching
Snabbit’s momentum comes amid broader investor interest in India’s instant home-services market. Competitors are also securing capital: rivals such as Pronto are finalizing rounds at new valuations, and established players including Urban Company have reported growth milestones for their instant-booking offerings.
Analysts and market participants point to changing urban lifestyles — especially among younger professionals accustomed to on-demand apps for food and groceries — as a core driver of this shift. For investors, the attraction is both the scale of potential demand and the opportunity to capture recurring, high-frequency spend.
At the same time, the pace of funding raises questions about how quickly companies can convert usage into sustainable unit economics and how they will scale workforce training, safety and retention in a tight labor market. Those operational challenges will shape how these businesses perform beyond headline valuations.
Snabbit and its investors have not publicly commented on the pending round.
