Instant home-services startup Snabbit reported a net loss of ₹167.75 crore on operating revenue of ₹12.25 crore in FY26, as expenses surged during its first full financial year of operations.
The Bengaluru-based startup, operated by Maestroedge Solutions Private Limited, had recorded operating revenue of ₹26.35 lakh and a net loss of ₹5.70 crore in FY25, according to its financial statements filed with the Registrar of Companies (RoC).
“FY26 was our first full year of operations, and we made a deliberate choice to invest ahead of scale to build a category, not just a company,” said Aayush Agarwal, founder and CEO of Snabbit.
“We entered the year at approximately 500 jobs a day across 8 micro-markets and exited at a run rate of 35,000 daily jobs across 100+ micro-markets, representing a 75X increase in just twelve months. During this period, we acquired nearly a million customers, onboarded over 20,000 experts, and built the technology, infrastructure, and leadership capabilities required to support this scale,” he added.
Meanwhile, Snabbit’s total expenses climbed to ₹194.76 crore in FY26 from ₹6.81 crore in the previous financial year. The sharp increase significantly outpaced revenue growth as the company expanded its instant household-help services.
“We raised ₹427.8 crore during the year and closed FY26 with approximately ₹319 crore in cash and investments, zero borrowings, and a net worth of ₹312.4 crore,” Agarwal added.
Employee benefits accounted for ₹46.02 crore of the company’s expenses, while service costs reached ₹63.07 crore. Other expenses formed the largest cost category at ₹84.66 crore. Additionally, the company reported depreciation expenses of ₹1.02 crore.
Snabbit’s total income stood at ₹27.01 crore, including ₹14.77 crore in other income. The company reported a loss before tax of ₹167.75 crore and incurred no current or deferred tax expenses during the year, according to filings sourced through TheKredible.
Founded in 2024, Snabbit provides on-demand household services, including cleaning, dishwashing, and laundry, by connecting customers with service professionals through its platform. The company began operations in August 2024, making FY26 its first full year of business.
Addressing the financial performance, Agarwal said, “Given the pace of growth and the investments required to build this category from the ground up, FY26 financials do not fully reflect the underlying economics or the maturity of the business today. As we continue to scale, the benefits of operating leverage, improving unit economics, and increasing network density are becoming increasingly evident.”
