Snabbit burns $17M+/yr on <$1.5M revenue after raising $112M — $0.6 per housevisit economics
himanshustwts · x · 2026-10-16
Instant househelp startup Snabbit posted a Rs 168 crore loss on just Rs 12 crore revenue in FY26. himanshustwts breaks down the numbers: $112M+ raised, burning over $17M a year on under $1.5M revenue, at $0.6 per expert visit (promo: three 60-min visits for Rs 57 each, down from Rs 199). The post questions the sustainability of subsidy-driven instant-services economics.
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