Snabbit Reportedly in Talks to Raise About $50 Million

Quick home services startup Snabbit is in advanced discussions to raise $60–$70 million in a fresh funding round led by Mirae Asset and Susquehanna International Group (SIG), according to people familiar with the development.

The round, which is currently under negotiation, is expected to value the company at approximately $350–$400 million. Existing investors Bertelsmann India Investment (BII), Lightspeed Venture Partners and Elevation Capital are also likely to participate in the round.

The investment is expected to support the company’s expansion across additional neighbourhood clusters while strengthening its network of service professionals.

The development comes as India’s emerging quick home services segment, offering on-demand domestic help within minutes, witnesses rapid growth and increasing competitive intensity. Several companies are scaling their operations simultaneously, betting that dense neighbourhood networks and faster response times will help them capture early market share in what could evolve into a large urban services category.