Snabbit Seeks $50 Million Funding At $400 Million Valuation Led By Susquehanna VC

Bengaluru-based instant house-help startup Snabbit is seeking fresh funding at a valuation of around $400 million, with TechCrunch saying the round is led by Susquehanna Venture Capital and that the company is in talks to raise around $50 million.

“Bengaluru-based Snabbit nearing $50 million raise led by Susquehanna VC Snabbit, the Bengaluru startup making it easy to book instant house-help like cleaning and laundry, is close to raising $50 million in a new funding round led by Susquehanna Venture Capital”

NewsBytes

TechCrunch reports that the round could be around $55 million or higher, as strong investor demand may prompt the company to raise more than initially planned.

TechCrunch

The same report says the deal could be announced as early as next week, and it would mark a significant jump from the $180 million valuation at which Snabbit raised $30 million in October 2025.

NewsBytes similarly frames the fundraising as “nearing $50 million,” led by Susquehanna VC, and says the valuation could be pushed up to $400 million.

The Tech Buzz also describes Snabbit as “seeking new funding at a $400M valuation,” citing sources familiar with the matter and tying the timing to the platform crossing one million jobs in March.

Across the coverage, the fundraising is presented as part of Snabbit’s rapid scaling in India’s instant home-services market, with TechCrunch stating the startup connects households with on-demand domestic help for cleaning, dishwashing, laundry, and other chores.

TechCrunch adds that before this round, the startup had raised $55 million in total funding, and it says Snabbit worked with about 5,000 professionals on its platform at the time, “all of whom were women.”

The reporting ties Snabbit’s fundraising momentum to a set of named investors and specific operating milestones.

TechCrunch says the expected round would include participation from Mirae Asset, FJ Labs, and existing investors including Lightspeed Venture Partners and Bertelsmann India Investments, and it notes that the startup was founded in 2024.

The Tech Buzz

It also states that Snabbit had “completed more than one million jobs in March alone,” and that CEO and founder Aayush Agarwal said in a recent LinkedIn post that the company had completed more than one million jobs in March alone.

NewsBytes echoes the same scale, saying Snabbit “completed over 1 million jobs” and that the company is powered by “a team of 5,000 women,” while also stating that CEO Aayush Agarwal says they handle “more than 10,000 jobs every day!”

The Tech Buzz adds that the platform crossed one million jobs on its marketplace in March and frames that metric as “a major milestone” that “caught the attention of investors.”

Whalesbook, while written in a promotional tone, similarly says the round is led by Susquehanna Venture Capital and that major participants include Mirae Asset, FJ Labs, Lightspeed Venture Partners, and Bertelsmann India Investments.

It also repeats the valuation jump from the previous $180 million valuation it received in October 2025 and says the round is “sized at roughly $50 million to $55 million.”

The sources place Snabbit’s fundraising within a broader competitive and market context, naming rivals and citing their own traction metrics.

“Snabbit is seeking new funding at a $400M valuation, sources tell TechCrunch, quadrupling its presence in India's job marketplace ■ The platform crossed 1 million jobs in March, showing rapid scaling in a market where gig work is exploding ■ Existing backers include Lightspeed Venture Partners, Mirae Asset, FJ Labs, and Susquehanna Venture Capital ■ The round comes as Indian startups see renewed investor appetite after a brutal 2023-2024 funding winter Indian job marketplace Snabbit is in talks to raise fresh capital at a $400 million valuation, according to sources familiar with the matter”

The Tech Buzz

TechCrunch says the fundraise comes amid “growing investor interest in instant house help startups in India,” and it points to rival Pronto as “finalizing a funding round led by tech investor Lachy Groom at about a $200 million valuation.”

It also says Urban Company, a top player in this space, “said its instant home services offering crossed one million bookings in March.”

NewsBytes similarly situates Snabbit in a market where investor attention is rising and frames the company’s growth as tied to “India’s fast-growing demand for quick home services.”

The Tech Buzz describes the job marketplace as “booming” and says the move comes “just weeks after the platform crossed one million jobs on its marketplace in March.”

Whalesbook adds more competitor detail, saying rival Pronto “recently raised $25 million in a Series B at a $100 million valuation, with daily bookings exceeding 18,000,” and it says Urban Company “also crossed 1 million bookings in March and has a market cap of roughly $2.44 billion.”

TechCrunch’s inclusion of Lachy Groom and the $200 million valuation for Pronto’s round adds another specific benchmark for investors comparing opportunities in India’s on-demand domestic help space.

Several articles connect Snabbit’s fundraising to the idea of renewed investor appetite and to the company’s operational traction, while also pointing to the market’s broader shift toward app-based services.

TechCrunch says 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,” and it describes Snabbit’s managed network of workers as enabling “quick turnaround times.”

TechCrunch

The Tech Buzz frames the timing as “not coincidental,” saying Snabbit hit the “major milestone” of crossing one million jobs in March and that the metric “caught the attention of investors betting big on India's transformation into a gig economy powerhouse.”

It also references a “brutal 2023-2024 funding winter” and says Indian startups are seeing “renewed investor appetite” after that correction.

Whalesbook similarly claims the funding demonstrates momentum and investor confidence, and it asserts that India’s on-demand domestic services sector is growing rapidly, citing “Rising urbanization, a young, tech-savvy population, and the growing appetite for app-based convenience.”

It further states that market experts say India’s online home-services market could grow at a CAGR of about 15.67% to 22.4% and could cross $100 billion by FY30, while also saying VC funding in India last year totaled around $16 billion.

The Tech Buzz adds that “Neither Snabbit nor the participating investors have commented publicly on the funding discussions,” while TechCrunch says Snabbit and its investors “did not respond to requests for comment.”

The sources converge on the idea that the funding round is still in negotiation, with timing framed as imminent but not yet finalized.

“Bengaluru-based Snabbit nearing $50 million raise led by Susquehanna VC Snabbit, the Bengaluru startup making it easy to book instant house-help like cleaning and laundry, is close to raising $50 million in a new funding round led by Susquehanna Venture Capital”

NewsBytes

TechCrunch says the deal could be announced as early as next week, and it describes the round as being led by Susquehanna Venture Capital with participation from Mirae Asset, FJ Labs, and existing investors including Lightspeed Venture Partners and Bertelsmann India Investments.

The Tech Buzz

It also says the company is in talks to raise around $50 million and that the round could be around $55 million or higher, depending on investor demand.

NewsBytes similarly says Snabbit is “nearing $50 million” and that “the company could even raise more,” pushing valuation to $400 million.

The Tech Buzz, while also citing sources, emphasizes that the round is “in active discussions” and that “terms can shift and valuations adjust based on due diligence findings,” while repeating that neither Snabbit nor participating investors have commented publicly.

Whalesbook adds that the round is “sized at roughly $50 million to $55 million” and reiterates the valuation jump from $180 million in October 2025.

Beyond the fundraising mechanics, Whalesbook points to operational and regulatory challenges that could shape how Snabbit uses the new capital, saying “Relying on a freelance workforce can pose long-term risks under labor laws.”