Instant househelp platform Snabbit posted a net loss of ₹167.8 crore in FY26, a near 29-fold surge from ₹5.7 crore in the previous fiscal year, as the Mumbai-based startup aggressively scaled its operations and customer acquisition engine in its first full year of business. The figures were sourced from financial statements filed with the Registrar of Companies.

Despite the widening losses, Snabbit's revenue from operations jumped 46-fold to ₹12.2 crore — a sign of rapid early-stage traction even as unit economics remain deeply negative.

Revenue Breakdown

The company's core platform services — covering on-demand cleaning, dishwashing and laundry — contributed ₹10.82 crore, accounting for roughly 88% of operating revenue. The remainder came from the sale of uniforms. Notably, Snabbit earned ₹14.76 crore as other income, primarily from interest on bank deposits — a figure that actually exceeded revenue from its core operations, highlighting how reliant the startup currently is on its cash reserves rather than business fundamentals.

Where the Money Went

Total expenses surged to ₹194.8 crore in FY26, up from ₹6.8 crore a year earlier. Expert service costs stood at ₹63 crore, employee benefit expenses reached ₹46 crore, and the company spent ₹48.7 crore on marketing and ₹23.8 crore on service fulfilment. Additional costs included recruitment, commissions, legal services, software maintenance and administration.

The result: Snabbit spent approximately ₹15.92 to generate every single rupee of operating revenue during the fiscal year — a burn rate that underscores the cost of building a hyperlocal, time-sensitive service network at scale.

Financial Health Indicators

Snabbit's key financial metrics reflected the pressure of rapid scaling. The startup reported a negative return on capital employed (ROCE) of 58.45% and an EBITDA margin of minus 1,481.63%. The company's net loss was nearly 14 times its operating revenue for the year.

Founded in 2024 by Aayush Agarwal, Snabbit promises service delivery within 10 minutes through a network of trained professionals. The model bears resemblance to earlier hyperlocal services plays in India, many of which struggled to reach profitability without either raising prices significantly or cutting service quality.

Funding and Operational Milestones

Snabbit has raised more than $112 million from investors to date, including a $56 million Series D round backed by Susquehanna VC, Mirae Asset Venture Investments and Bertelsmann India Investments. The company says demand remains strong: it claims to have crossed 1,15,000 fulfilled jobs in a single day and completed four million househelp jobs in the first quarter of FY27. It also reported that burn per job declined by more than ₹100 quarter-on-quarter to below ₹250 — a metric investors will watch closely as a signal of path-to-profitability.

Whether the declining burn rate can translate into sustainable unit economics before the funding runway narrows will be the central question for Snabbit heading into the rest of FY27.