India’s Snabbit seeks fresh funding at a $400M valuation, sources say

Snabbit, an Indian instant house-help startup, is close to raising fresh funding at a valuation of around $400 million in a round led by Susquehanna Venture Capital, TechCrunch has learned.

The Bengaluru-based startup is in talks to raise around $50 million in the round, according to three people with knowledge of the deal. One of the people added that the round could be around $55 million or higher, as strong investor demand may prompt the company to raise more than initially planned.