Bengaluru-based startup Snabbit is close to raising fresh funding at a $400 million valuation, sources confirm. The instant house-help platform is in talks to secure approximately $50-55 million in a round led by Susquehanna Venture Capital. This represents a significant jump from the $180 million valuation at which Snabbit raised $30 million just last October, reflecting strong investor confidence in the company's growth trajectory.

The funding round includes participation from Mirae Asset, FJ Labs, and existing investors including Lightspeed Venture Partners and Bertelsmann India Investments. Founded in 2024, Snabbit connects households with on-demand domestic help for cleaning, dishwashing, and other chores. The startup has completed more than one million jobs in March alone, employing about 5,000 women professionals on its platform as it expands its service offerings across Indian cities.

The fundraise reflects growing investor interest in India's instant house help sector, with rival Pronto also finalizing a funding round at about $200 million valuation. Snabbit's previous funding total stood at $55 million before this round. The rising demand stems from India's young urban workforce increasingly accustomed to on-demand services through apps. The deal could be announced as early as next week as the company scales operations to meet growing customer needs.