Snabbit Eyes $450M Valuation: Investors Bet Big on India's Home Services Boom

• Bengaluru-based Snabbit is in talks to raise Series D funding at a valuation of around $450 million, capitalizing on India's expanding home services market.
• The startup, launched in 2024, has already secured $56 million in funding, with its previous round valuing the company at $180 million.
• Snabbit offers quick-access services like cooking and cleaning, attracting significant investor interest despite a broader venture capital slowdown.
• India's largely unorganized home services market, currently $60 billion, is projected to reach $100 billion by 2030, with less than 1% currently digital.
• The company faces competition from Urban Company and regulatory scrutiny over gig worker welfare, but guarantees workers a minimum monthly income.