US-based Susquehanna International Group will also join the fundraising as a new investor, said one of the persons, who did not wish to be identified. Another existing investor, Lightspeed, is also participating in this round.
“The round is being finalised and new investors are joining the cap table. However, the final details will be known after the round is formally closed,” said a second person.
The Bengaluru-based startup, founded by Aayush Agarwal, former chief of staff at quick commerce firm Zepto, is likely to notch up a post-money valuation of around $350-400 million, per ET’s calculations. This marks an increase from a valuation of about $180 million in October 2025, when the company raised $30 million from BII, Elevation Capital and others.
Queries sent to Snabbit, Mirae Asset Venture Investments, BII, Susquehanna International Group and Lightspeed did not elicit any response till press time.
Snabbit connects households with trained professionals for tasks such as cleaning, dishwashing and laundry. The professionals are available on demand and usually arrive within 10 minutes, with services billed by the hour. The platform also allows users to schedule services for later.
The fundraising discussions come at a time when the home help segment is drawing increased venture capital interest — within 18 months of launch, Snabbit has raised more $55 million.
Rival Pronto recently raised $25 million in a round led by Epiq Capital, with participation from existing investors Glade Brook Capital, General Catalyst and Bain Capital Ventures. That round valued the Anjali Sardana-led company at around $100 million.
As reported by ET, listed player Urban Company, which runs Insta Help, was the market leader in the segment as of last month, with a 49.2% share, followed by Snabbit (36.4%) and Pronto (14.3%).
Demand uptick
Agarwal recently told ET that the platform had clocked 830,000 orders in February, up from about 500,000 in December last year. “What’s important is that this growth hasn’t come from aggressively expanding into new micro-markets. We’re still operating in a relatively small footprint. In fact, some of our core markets are now touching around 1,500 jobs on peak days,” he said.
In February, Urban Company said that Insta Help had crossed the 50,000-daily bookings mark, while Pronto said it had crossed the 15,000-orders mark. For both, these were peak day metrics and not average daily numbers.
Following its last fundraising in October 2025, the company had said it planned to broaden its offerings to include cooking, elder care and child care.
High burn
This growth comes on the back of high cash burn across startups in the segment. Sardana recently said Pronto had burned more than $8 million in the past year. Between August and December 2025, the industry’s monthly cash burn more than doubled to $7-8 million from $2-3 million.
The instant help segment is part of the overall home services industry, which was valued at $60 billion in 2024-25 and is expected to reach $100 billion by 2029-30, according to a recent report by Jefferies, a brokerage.
