Instant home-help startup Snabbit reported a net loss of ₹167.75 crore in the financial year 2025–26, while its operating revenue stood at ₹12.25 crore, highlighting the high costs of building and expanding a rapid-response household services business in India.
The Bengaluru-based startup, operated by Maestroedge Solutions Private Limited, recorded a sharp increase in both revenue and expenses during its first full financial year of operations. Its operating revenue had stood at ₹26.35 lakh in FY25, while its net loss was ₹5.70 crore.
Total expenses surged to ₹194.76 crore in FY26, compared with ₹6.81 crore in the previous financial year. The company’s spending reflected investments in service professionals, customer acquisition, employee costs and business expansion.
Service delivery and marketing drive expenses
Expert service costs were Snabbit’s largest individual expense category, reaching ₹63.07 crore in FY26. Employee benefit expenses amounted to ₹46.02 crore, while marketing expenses climbed to ₹48.69 crore.
The company also reported ₹23.83 crore in service fulfilment expenses and ₹1.02 crore in depreciation expenses. Other expenses accounted for ₹84.66 crore, according to the financial statements.
Snabbit’s total income was ₹27.01 crore, including ₹14.77 crore in other income. Revenue from operations included ₹10.82 crore from platform services and ₹1.42 crore from selling uniforms to its service professionals, whom the company calls “Experts”.
Expansion in the instant home-help market
Founded in 2024, Snabbit allows customers to book household services such as cleaning, dishwashing and laundry through its platform. It is competing in India’s emerging instant home-services market against Urban Company’s Insta Help and General Catalyst-backed Pronto.
The category requires companies to build a dense network of available professionals, attract repeat customers and fulfil bookings quickly. Spending on workforce availability, technology, marketing and expansion can therefore rise considerably before revenue catches up.
Snabbit has raised more than $112 million in funding across five rounds. In April 2026, it raised $56 million in a funding round co-led by Susquehanna Venture Capital, Mirae Asset Venture Investments and existing backer Unicorn Growth Fund, with participation from other investors. The round reportedly valued the startup at around $350 million to $400 million.
Founder defends investment-led growth
Founder and CEO Aayush Agarwal said FY26 was the company’s first full year of operations and that it deliberately invested ahead of scale to build the category.
According to Agarwal, Snabbit began the year handling around 500 jobs a day and ended it at a run rate of approximately 35,000 daily jobs across more than 100 micro-markets. The company also added nearly one million customers and onboarded more than 20,000 service professionals during the year.
Agarwal said the company’s loss per job had declined from roughly ₹1,500 at the beginning of FY26 to below ₹200 in the preceding month, indicating an improvement in unit economics, according to his public comments.
For Snabbit, the next challenge is to translate its expanding customer base and order volumes into sustainable revenue while controlling operating costs. Its future performance will depend on whether higher service density, repeat bookings and improving unit economics can gradually narrow the gap between revenue and expenditure.
