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

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.

Founded by former Zepto executive Aayush Agarwal in 2024, Snabbit connects urban households to trained and verified house help on demand—typically within about 10 minutes—for chores such as dishwashing, laundry, bathroom and kitchen cleaning, with the option to schedule slots and bundle tasks in a single hourly booking.