Snabbit Founder Aayush Agarwal Defends Massive Losses Amid Rapid Market Expansion
CEO explains how aggressive infrastructure spending and customer acquisition fueled FY26 financial deficit.
1Financial Performance Overview
Snabbit reported a significant widening of losses to ₹167.75 crore in FY26, compared to ₹5.70 crore in FY25. Despite this, operational revenue climbed to ₹12.25 crore from ₹26.35 lakh the previous year. The company, operated by Maestroedge Solutions, focused heavily on scaling its instant home-help services during this first full operational year.
2Strategic Investment Rationale
Founder Aayush Agarwal defended the fiscal deficit as a deliberate strategy to build the business from scratch. The company prioritized customer adoption, workforce training, and geographic expansion over immediate profitability. Agarwal emphasized that these investments were essential to establish a new consumer category and secure a competitive foothold in the market.
3Operational Efficiency Gains
While annual profit and loss statements show high costs, internal metrics indicate improving unit economics. At the start of FY26, the company lost approximately ₹1,500 per job, a figure that dropped below ₹200 by the end of the year. This trend suggests that the underlying business model is becoming more efficient with scale.
4Rapid Scaling Milestones
Snabbit achieved 70x growth in daily job volume, moving from 500 jobs per day to 35,000 within twelve months. The platform successfully acquired nearly one million customers and onboarded over 20,000 experts. This rapid expansion was supported by significant infrastructure development designed to facilitate the delivery of on-demand domestic help services.
5Breakdown of Expenditure
Total expenses surged to ₹194.76 crore in FY26, up from ₹6.81 crore in the prior year. Professional costs represented the largest share at ₹63.07 crore, followed by marketing at ₹48.69 crore and employee expenses at ₹46.02 crore. Service fulfillment costs accounted for an additional ₹23.83 crore as the firm aggressively captured market share.
6Revenue and Income Streams
Operational revenue was primarily driven by platform services at ₹10.82 crore, supplemented by ₹1.42 crore from uniform sales. Additionally, the company recorded ₹14.77 crore in other income, largely derived from interest on bank deposits. These figures reflect the company's current reliance on external capital to fund its ongoing market expansion efforts.
7Founder Background and Context
Aayush Agarwal, a PGDM finance graduate, previously held leadership roles at White Owl and Zepto. He founded Snabbit in 2024 to provide verified domestic help within 10 minutes, with services starting at ₹99 per hour. His background in finance and quick-commerce informs the current aggressive growth strategy employed by the startup.
8Future Outlook and Sustainability
Agarwal maintains that the losses of FY26 were a necessary cost for category creation. He argues that the business is not built on unsustainable spending but on a model where scale improves economics. The company expects that investments made during this period will yield stronger financial results in the upcoming fiscal year.