Snabbit Raises $50M, Valued at $400M

Indias Snabbit, a Bengaluru-based instant house-help startup, is set to secure a $400 million valuation in a fresh funding round led by Susquehanna Venture Capital. The startup, founded in 2024, has seen a surge in demand for its app-based services, including cleaning, dishwashing, and laundry help, catering to Indias young urban crowd. Snabbit has already created over one million jobs and processed ten thousand daily orders, with a total of three hundred thousand orders by October. The funding round could potentially reach $55 million, with participation from Mirae Asset, FJ Labs, and existing investors like Lightspeed Venture Partners and Bertelsmann India Investments. The announcement is expected to be made as early as next week. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9d9573945a09c015