India’s Snavit is seeking new funding at a valuation of $400 million, sources say.

Snabbit, the Indian instant housekeeping startup, is close to raising new funding in a round led by Susquehanna Venture Capital at a valuation of about $400 million, TechCrunch has learned.

The Bengaluru-based startup is in talks to raise about $50 million in a round, according to three people familiar with the deal. One of the people added that the round could be around $55 million or more, as strong investor demand could cause the company to raise more money than originally planned.

The round will also include participation from Mirae Asset, FJ Labs, and existing investors including Lightspeed Venture Partners and Bertelsmann India Investments, people told TechCrunch. This is a significant increase from Snavit’s valuation of $180 million when it raised $30 million in October 2025. The deal could be announced as early as next week.

Founded in 2024, Snabbit provides households with on-demand domestic help for cleaning, dishes, laundry, and other household chores, providing quick response through a network of managed workers. Prior to this round, the startup had raised a total of $55 million in funding.

The funding comes amid growing investor interest in instant house help startups in India. Rival Pronto is finalizing a funding round led by tech investor Lachy Groom at a valuation of about $200 million. Urban Company, a leading player in this field, announced that its instant home service exceeded 1 million reservations in March.

The increase in demand is being driven in part by India’s young urban workforce, which is accustomed to ordering services such as groceries on-demand through apps.

Snabbit founder and CEO Aayush Agarwal said in a recent LinkedIn post that the company completed more than 1 million jobs in March alone. He previously told TechCrunch that in October, the company recorded more than 10,000 daily jobs and more than 300,000 total orders.

He added that the company was working with about 5,000 experts on its platform at the time, all of whom were women.

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