Quick home services company Snabbit reported a net transaction value (NTV) of Rs 72 crore in the second quarter of fiscal year 2027, according to a LinkedIn post by co-founder Ayush Agarwal. This figure marginally surpassed Urban Company’s InstaHelp, which recorded an NTV of Rs 71 crore for the same period. The competitive edge extended to burn rates. Snabbit reported a Rs 142 crore burn compared to InstaHelp’s adjusted EBITDA loss of Rs 174 crore. This performance, first reported by Entrackr, shows Snabbit improved its operational efficiency against a major competitor.

A Trajectory of Efficiency

The Q2 FY27 results offer a clearer picture of Snabbit’s operational trajectory, especially when viewed against its earlier financial disclosures. In the financial year 2026, Snabbit incurred a net loss of ₹167.8 crore, as Inc42 reported. During that period, the company spent ₹16 to generate every rupee in operating revenue. Scaling in the quick home services market required significant investment. The Q2 FY27 data suggests a shift. The company showed better control over expenditure relative to transaction volume. Burning Rs 32 crore less than a direct competitor while exceeding its NTV is an important development for a company that previously reported substantial losses.

The focus on operational strengthening predates these financial results. In August 2026, Snabbit brought in Pradeep Yadav, co-founder of Klydo, to lead its operations as Head of Operations. This strategic hire, widely covered by outlets like Inc42 and Entrackr, meant Snabbit intended to build out its leadership team and refine execution capabilities. The timing of this appointment aligns with the period leading up to the improved Q2 FY27 performance. Management’s focus on efficiency and scaling operations may be yielding results.

Competition and Strategy

The quick home services sector in India is marked by intense competition and high burn rates, as evidenced by Snabbit’s own FY26 loss and the broader market dynamics. Urban Company, with its InstaHelp offering, is a dominant player. Snabbit matched and slightly exceeded InstaHelp’s NTV while maintaining a lower burn rate. This indicates a strategic advantage in unit economics or market penetration. Snabbit might be achieving comparable market traction with a more capital-efficient model. Alternatively, it is strategically targeting specific high-value segments.

Achieving Rs 72 crore in NTV for the quarter, while keeping the burn at Rs 142 crore, points to a deliberate effort to balance growth with financial prudence. For a company that incurred a net loss of nearly ₹168 crore in the preceding financial year, these Q2 FY27 figures show progress in managing the cost of acquiring and servicing transactions. It shows a company learning to optimize its spending in a capital-intensive sector. The company is moving towards a more sustainable growth path. The comparison with InstaHelp is particularly telling. It positions Snabbit as a viable alternative that can compete on both scale and efficiency.

Outlook on Operational Efficiency

Snabbit’s recent performance shows a company actively addressing its historical burn rates and pushing for market share. The Q2 FY27 figures, juxtaposed with the significant FY26 losses, show a critical phase of operational refinement. Snabbit outpaced a segment of a major competitor like Urban Company in NTV, coupled with a more controlled burn. This positions Snabbit as a contender capable of operating in the challenging quick home services market with increasing efficiency. The company’s focus on strengthening its operations leadership appears to translate into tangible financial improvements.

What was Snabbit’s Net Transaction Value in Q2 FY27?

Snabbit recorded a net transaction value (NTV) of Rs 72 crore in Q2 FY27.

What was Snabbit’s burn in Q2 FY27?

Snabbit reported a burn of Rs 142 crore in Q2 FY27, which was lower than Urban Company’s InstaHelp’s adjusted EBITDA loss of Rs 174 crore.

What was Snabbit’s net loss in FY26?

Snabbit incurred a net loss of ₹167.8 crore in the financial year 2026.

Compiled by Launch91 Desk from the sources linked above. More about Launch91.