Stories
Quick Services Startup Snabbit Posts Rs 168 Crore Loss in FY26
- •Instant home-services startup Snabbit reported a net loss of Rs 167.75 crore on an operating revenue of Rs 12.25 crore for FY26, its first full financial year.
- •Total expenses climbed sharply to Rs 194.76 crore as the company scaled operations, growing daily jobs from 500 to 35,000 across micro-markets.
- •The Bengaluru-based firm raised over Rs 1,000 crore in total funding, closing FY26 with Rs 319 crore in cash and investments and zero borrowings.
- •Snabbit faces intense competition in the instant home-services market against Urban Company's Insta Help and General Catalyst-backed Pronto.
- •Founder and CEO Aayush Agarwal stated that the heavy spending was a deliberate choice to invest ahead of scale and build the category.
Key Questions Answered
In its first full financial year of operations (FY26), instant home-services startup Snabbit reported a net loss of Rs 167.75 crore on an operating revenue of Rs 12.25 crore. Total expenses surged to Rs 194.76 crore as the company scaled its operations, while total income stood at Rs 27.01 crore.
Snabbit has raised more than $112 million, equivalent to over Rs 1,000 crore, across five funding rounds. This includes a $56 million Series D funding round in April co-led by Susquehanna Venture Capital, Mirae Asset Venture Investments, and Unicorn Growth Fund.
Snabbit competes directly with Urban Company's Insta Help and General Catalyst-backed Pronto in the instant home-services market. These platforms have experienced intense competition and high order volumes while striving to improve their unit economics and manage fulfillment costs.
