Snabbit reports Rs 168 crore loss against Rs 12 crore revenue

Quick-service startup Snabbit has posted a loss of Rs 168 crore while its revenue stood at about Rs 12 crore. The gap between spending and income highlights the heavy cash burn common among fast-growing platform businesses. The figures point to significant operating costs relative to the revenue the company is currently generating. Further details on the reasons behind the loss were not included in the provided item.