Snabbit in discussions to secure $100-120 mn

Weeks after its last raise, co eyes fifth funding round since 2024 founding

- Sneha Shah & Mansi Verma

Snabbitt offers on-demand domestic help within 10 minutes for household chores.

(MINT)

Snabbit, an on-demand home services provider, is in talks to raise $100 million-120 million from new and existing investors at a likely valuation of $500 million-550 million, three people with knowledge of the development said.

"The company has begun talks to raise a new funding round. Investors feel this is a new consumer category that is likely to see phenomenal growth over the next few years," one person said.

The company, which raised funds just a month and a half ago, declined to comment on the development.