Snabbit's expansion push comes at a cost as FY26 losses hit Rs.168 crore
BENGALURU, Oct. 16 -- Snabbit's losses widened nearly 30-fold to Rs.167.75 crore in fiscal year 2026 (FY26) as the instant home-help startup spent heavily on workers and marketing to build its business, highlighting the cost of scaling a service that must keep professionals close to customers to make each booking viable.
Revenue from operations rose to Rs.12.25 crore in the year ended 31 March 2026 from Rs.26.35 lakh a year earlier, while expenses surged to Rs.194.76 crore from Rs.6.81 crore, according to financial statements of Maestroedge Solutions Pvt. Ltd, which operates Snabbit. The company had reported a loss of Rs.5.70 crore in FY25.
Costs relating to professionals were Snabbit's largest expense at Rs.63.07 crore, followed by mar...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.