Household-help app Snabbit is in talks for fresh funding at a valuation of about $450 million, according to Bloomberg Markets. The latest funding round comes as investor interest in the home-services market continues to grow. Snabbit joins a wave of similar apps seeking capital to expand their operations and market reach.

The home-services sector has seen a surge in funding activity as investors bet on the convenience economy's continued expansion. Apps like Snabbit connect users with household help for tasks ranging from cleaning to repairs, capitalizing on busy lifestyles and the gig economy. This latest funding round could help Snabbit scale its operations and compete more effectively in the crowded market.

While specific details about the funding round remain undisclosed, the $450 million valuation signals strong investor confidence in Snabbit's business model and growth potential. The company's ability to secure such a high valuation reflects the broader trend of investors pouring money into platforms that offer on-demand services. As the home-services market matures, successful funding rounds like this one could determine which companies emerge as leaders in the space.