Snabbit FY26 loss widens multifold to Rs 167.75 Cr; revenue rises to Rs 12.25 Cr

Maestroedge Solutions, the home services platform Snabbit, reported a significant widening of its net loss to Rs 167.75 crore for the fiscal year 2025-26, compared to a loss of just Rs 5.70 crore in the previous year. This loss was primarily attributed to increased spending on service providers, marketing, and staff as the company expanded its operations.

Despite the loss, revenue from operations rose to Rs 12.25 crore, up from Rs 26.35 lakh in the prior year. Platform services contributed Rs 10.82 crore, and sales of uniforms to service providers accounted for Rs 1.42 crore. Other income amounted to Rs 14.77 crore, with total income recorded at Rs 27 crore. However, total expenses surged to Rs 194.76 crore, up from Rs 6.81 crore in the prior year, with expert service costs now the largest expense at Rs 63.07 crore, up from Rs 27 lakh.

Marketing expenses nearly quintupled to Rs 48.69 crore, while employee benefits rose to Rs 46.02 crore from Rs 3.27 crore, and service fulfilment costs increased to Rs 23.83 crore from Rs 48 lakh. Snabbit, founded in January 2024, began the year with around 500 jobs daily in eight micro-markets and ended with a run rate of 35,000 jobs daily across over 100 micro-markets.

The company had 309 employees as of March 31, 2026. CEO Aayush Agarwal emphasized that the losses were due to investments in geographic expansion, customer acquisition, and building long-term operating capabilities. He noted that FY26 financials don't fully reflect the underlying economics or maturity of the business, but that operating leverage, improving unit economics, and increasing network density are becoming evident as the company continues to scale.