Snabbit nears $50-55 million funding round at $400 million valuation
Updated
Updated · TechCrunch · Apr 25
Snabbit nears $50-55 million funding round at $400 million valuation
2 articles · Updated · TechCrunch · Apr 25
The Bengaluru-based instant house-help startup’s round is led by Susquehanna Venture Capital, with participation from Mirae Asset, FJ Labs, and existing investors.
This marks a sharp increase from Snabbit’s $180 million valuation in October 2025, reflecting surging investor demand and rapid business growth.
Snabbit, which completed over one million jobs in March, is part of a booming sector driven by India’s urban workforce, alongside rivals like Pronto and Urban Company.
What is Snabbit's path to profitability in the high-burn world of instant on-demand services?
What is Snabbit's 'nano-market' secret that justifies a valuation double that of its main rival?
Will Snabbit's rapid, cash-fueled expansion compromise customer safety and service quality?
Can Indian regulators protect gig workers from the algorithms that now control their livelihoods?
Is on-demand help truly empowering workers or a high-tech gloss on traditional labor exploitation?