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

· startups · Source ↗

TLDR

  • Snabbit is in talks to raise ~$50M at a $400M valuation, led by Susquehanna Venture Capital.

Key Facts

  • The round may reach $55M or more due to strong investor demand; Mirae Asset, FJ Labs, and existing backers Lightspeed and Bertelsmann India Investments are expected to participate.
  • The $400M valuation is more than double the $180M valuation at which Snabbit raised $30M in October 2025.
  • Founded in 2024, Snabbit connects households with on-demand domestic help; it completed over one million jobs in March 2026.
  • Before this round, total funding raised was $55M; the deal could be announced as early as next week.

Why It Matters

  • The valuation jump from $180M to $400M in roughly six months signals rapid scaling and intensifying investor interest in India’s instant house-help category.
  • Rival Pronto is also closing a round at ~$200M, pointing to a funding wave in this segment.

Jagmeet Singh, TechCrunch · 2026-04-25 · Read the original