New Delhi, Dec. 15 -- 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, la...