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Snabbit's Q2 FY27 NTV of Rs 72 crore edges Urban Company's InstaHelp at Rs 71 crore, with a lower cash burn
Our read
Snabbit logged 6.4 million orders against InstaHelp's 6.2 million in Q2 FY27, so quick home services operators face two rivals at near-equal scale, with NTV of Rs 72 crore and Rs 71 crore.
Watch
InstaHelp revenue growth against the 82% quarter-on-quarter rise in Q2 FY27
The report,
Snabbit burned Rs 142 crore in the quarter, against an adjusted EBITDA loss of Rs 174 crore at Urban Company's InstaHelp. The two measures may not be comparable.
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Reported figures
From the report. Source details below
| Snabbit Q2 FY27 orders: | 6.4 million |
|---|---|
| InstaHelp Q2 FY27 orders: | 6.2 million |
| InstaHelp Q2 FY27 revenue: | Rs 20.37 crore |
| InstaHelp revenue growth quarter-on-quarter: | 82% |
Why it matters to operators
Snabbit's 6.4 million orders in Q2 FY27 sit just ahead of InstaHelp's 6.2 million, so quick home services has two near-equal scaled players to benchmark against for any partnership or comparison.
What to watch next
- Snabbit's NTV above ₹72 crore in the Q3 FY27 results would mean its edge over InstaHelp's ₹71 crore is widening, leaving Urban Company to defend share.
- Snabbit cash burn below ₹142 crore in the Q3 FY27 results
- Urban Company disclosing InstaHelp losses on a basis comparable to Snabbit's burn
- Any Snabbit funding announcement before the Q3 FY27 results
Likely next moves
Our read of what comes next — analysis, not reported by the source.
- Snabbit is likely to keep spending on supply and customer acquisition to defend its thin NTV lead, which keeps its ₹142 crore burn under investor scrutiny.
- Urban Company is likely to keep scaling InstaHelp, given revenue of ₹20.37 crore and 82% quarter-on-quarter growth, and may accept a wide loss to close the gap.
- Snabbit may look for fresh funding or investor backing to sustain expansion at its current burn rate.
- Expect Snabbit and InstaHelp to compete on worker incentives and availability, which could lift service-partner payouts and squeeze unit economics at both.
- Customers are likely to keep using both apps, which limits either firm's pricing power in quick home services.
The source
First seen