Sources say Indian startup Snabbit is seeking $400 million in new funding

A little quickAn Indian startup for instant home assistance is close to raising around $400 million in new funding in a round led by Susquehanna Venture Capital, TechCrunch has learned.

The Bengaluru-based startup is in talks to raise about $50 million in a round, according to three people aware of the deal. The round could be worth around $55 million or more, as strong demand from investors could push the company to raise more than initially planned, one of the people added.

The round is expected to include participation from Mirae Asset, FJ Labs and existing investors including Lightspeed Venture Partners and Bertelsmann India Investments, the people told TechCrunch. It would be a big jump from Valuation: $180 million Snapbit raised $30 million in October 2025. The deal could be announced as early as next week.

Founded in 2024, Snapbit connects families with on-demand home help for cleaning, dishwashing, laundry and other household chores, providing fast turnaround times through a managed network of workers. Prior to this round, the startup had raised $55 million in total funding.

The fundraising comes amid growing investor interest in instant home help startups in India. Rival Pronto is finalizing a funding round led by tech investor Lachy Groom in approx $200 million valuation. Urban Company, one of the leaders in this field, said it is offering its instant home services More than one million reservations In March.

The growing demand is partly due to India’s young urban workforce, which is accustomed to ordering services like on-demand groceries through apps.

Snapbit founder and CEO Aayush Agarwal said in a recent post on LinkedIn that the company has accomplished more than One million jobs In March alone. He had previously told TechCrunch that it recorded more than 10,000 daily jobs and more than 300,000 total orders in October.

He added that the startup worked with about 5,000 professionals on its platform at the time, all of whom were women.

Snapbit and its investors did not respond to requests for comment.