Snabbit says it has surpassed 1,15,000 jobs a day

Bengaluru-based on-demand home services platform Snabbit said it has crossed 1,15,000 fulfilled jobs a day.

This milestone, the company noted, reflects not only the rising demand for on-demand domestic services but also its improving financial discipline as it scales.

It also said the latest milestone comes only months after it surpassed 50,000 daily jobs and 1 million monthly jobs.

According to a statement from the company, Snabbit has grown from around 400 daily jobs to more than 1,15,000 in under two years, while expanding to 10 cities and over 150 micromarkets.

The platform now offers various services including home cleaning, dishwashing, laundry, kitchen preparation, home cooks, and salon-at-home.

Snabbit also highlighted improvements in 'unit economics', a measure of how much money a company earns or loses on each transaction.

The company said its consolidated net order value, or the value of orders after discounts, exceeded Rs 130 during the latest quarter (Q1). Burn per job, i.e. the loss incurred on each completed booking, fell by more than Rs 100 quarter-on-quarter to below Rs 250.

The company also said it has seen early traction in newer categories such as home cooks and salon-at-home.

These announcements come at a time when India's quick home-services market is expanding rapidly as urban consumers increasingly turn to apps for routine household chores. Meanwhile, companies across the category continue to balance rapid expansion with profitability.

Competition has intensified in the fast-growing home-services sector. Rivals including Urban Company and Pronto have been investing heavily in instant home-services offerings, while investors continue to back the segment despite the high costs of customer acquisition and worker incentives.

Pronto raised fresh funding in May this year. Snabbit raised $56 million in a Series D round in April, taking its total funding to about $112 million. The capital will support technology development, expansion in existing and new markets, and improvements to the experience of service professionals.