Snabbit Spent ₹16 To Earn Every Rupee In Operating Revenue In FY26
Amid intense competition in the quick home services market, Snabbit incurred a net loss of ₹167.8 Cr in the financial…
In the financial year 2026 (FY26), the quick home services startup Snabbit experienced intense competition and incurred a net loss of ₹167.8 Cr. This marked its first full year of operations following its service launch in August 2024. Comparing FY26 with FY25, Snabbit saw a decline in operating revenue, reporting ₹12.2 Cr against ₹26.3 Lakh in the previous year.
The majority of the company's revenue, ₹10.8 Cr, came from platform services, while uniform sales to service professionals contributed ₹1.4 Cr. Snabbit's total income for the fiscal period amounted to ₹27 Cr, including other income of ₹14.8 Cr. The company held a substantial cash balance of ₹292.2 Cr and mutual fund investments totaling ₹26.6 Cr.
Despite the overall loss, Snabbit's CEO, Aayush Agarwal, highlighted a significant improvement in unit economics, with losses per job falling below ₹200, up from approximately ₹1,500 at the beginning of FY26.
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