India-based startup Snabbit is close to raising new funding at a valuation of around $400 million, according to sources. The round is expected to be led by Susquehanna Venture Capital, with the company aiming to raise about $50 million — possibly more due to strong investor interest.

Other investors likely to join include Mirae Asset, FJ Labs, along with existing backers like Lightspeed Venture Partners and Bertelsmann India Investments.

This marks a big jump from Snabbit’s previous $180 million valuation when it raised $30 million in October 2025. The new deal could be announced soon.

Founded in 2024, Snabbit connects households with on-demand domestic workers for tasks like cleaning, laundry, and dishwashing. The company focuses on fast service through a managed network of workers.

The funding comes as interest grows in instant home service startups in India. Competitor Pronto is also raising funds at around a $200 million valuation, while Urban Company continues to expand rapidly, recently crossing one million bookings in a single month.

This demand is being driven by young urban users in India who are used to ordering everything on-demand — from food to groceries — through apps.

Snabbit’s founder, Aayush Agarwal, recently shared that the platform completed over one million jobs in March alone. Earlier, the company was handling more than 10,000 daily jobs and had crossed 300,000 total orders.

At that time, Snabbit had around 5,000 workers on its platform — all women — highlighting its focus on creating job opportunities alongside convenience.

The company has not officially commented on the funding yet, but the strong investor interest shows growing confidence in this fast-emerging sector.