Instant househelp startups burn $14-15 million in May as discounts heat up (opens original article in a new tab)

Instant househelp startups burned $14-15 million in May as discounts increased, with total orders rising slightly but average order values declining.

• Urban Company, Snabbit, and Pronto increased their monthly cash burn to $14-15 million in May, up 25% from April.
• Total orders rose slightly to 3.2-3.3 million in May, but net average order values declined for InstaHelp and Snabbit.
• Startups are using aggressive discounts to gain market share, with Pronto raising $20 million and Snabbit securing $56 million in funding.