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The Economic Times
The Economic Times
Disha Acharya and Pranav Mukul

Instant househelp startups burn $14-15 million in May as discounts heat up

Pronto Snabbit Urban Company

The instant househelp segment is burning through cash at a faster clip once again, with Urban Company, Snabbit and Pronto ramping up discounts in May after temporarily pulling back incentives in April amid a labour shortage.

The combined monthly cash burn across the three players rose 25% month-on-month to $14-15 million in May, according to multiple industry executives. This was around $10-12 million in April.

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