Snabbit Eyes $400M Valuation, Targets $55M Funding Round After Surpassing 1 Million Jobs

Snabbit, an on-demand service connecting households with help for chores like cleaning and laundry, is negotiating a new funding round that could push its valuation to approximately $400 million. This development signals significant investor confidence following a period of rapid operational growth for the Indian startup in the competitive instant service market.

The company aims to secure between $50 million and $55 million in fresh capital. Susquehanna Venture Capital is reportedly leading these discussions, indicating strong institutional backing. This proposed investment marks a considerable increase from Snabbit's October 2025 valuation of $180 million, when it previously raised $30 million. The company's rapid ascent reflects a dynamic market for technology-driven domestic solutions.

A group of notable investors is anticipated to participate in this funding round, broadening Snabbit's financial and strategic support network. Mirae Asset, FJ Labs, Lightspeed Venture Partners, and Bertelsmann India Investments are all expected to contribute. Before this current round, Snabbit had collectively raised $55 million since its founding in 2024, demonstrating consistent investor interest in its business model.

Snabbit's operational performance provides a strong foundation for these financial talks and its elevated valuation. CEO Aayush Agarwal confirmed that the platform completed more than one million jobs in March alone. This figure demonstrates substantial growth from earlier periods, which saw the company handling over 10,000 daily jobs and more than 300,000 total orders by October. The volume of completed jobs indicates both user adoption and service delivery capacity.

This potential funding, which could bring Snabbit's total capital raised to over $100 million, positions the company for accelerated market expansion and technological development. The increasing volume of job completions underscores a growing public demand for efficient, on-demand domestic services in urban areas. Snabbit's operational model, which engages thousands of professionals, predominantly women, addresses a specific consumer need while also fostering employment opportunities and economic participation within its service ecosystem.

Observers will now watch for the official announcement of the funding round and details on Snabbit's subsequent expansion strategies, including potential geographic reach or service diversification.