Accel-backed quick home services startup Pync has shut down its operations, marking an early sign of consolidation in India’s rapidly growing segment. The startup’s founders and select employees are moving to rival Snabbit, which is expanding its footprint in Bengaluru.
Pync’s cofounders – Harsh Prateek, Mayank Sahu, and Dev Priyam have joined Snabbit in senior leadership roles overseeing operations and business functions. Snabbit also plans to hire over 20 former Pync employees to scale operations more effectively.
“I’m excited to welcome Harsh, Mayank, and Dev to Snabbit as we join forces to build the category of the decade. Their experience in running a lean, tight ship and their deep obsession with this category will add immense strength to our journey,” Snabbit founder Aayush Agarwal said.
Founded in 2023, Pync initially offered car-cleaning subscriptions before pivoting to quick home services. The Bengaluru-based startup raised $2 Mn in seed funding and served more than 25,000 households through a network of 1,000+ service professionals, onboarding around 200 new service partners weekly.
Competition in the sector has intensified, led by Urban Company, Snabbit, and Info Edge-backed Pronto. Startups face rising monthly burn rates, deep discounting pressures, seasonal worker migration, and compliance challenges, compressing margins and creating a natural consolidation environment.
Pync’s closure highlights the sector’s quick commerce-like economics: high fixed costs, low marginal delivery costs, and aggressive growth strategies that favor scale and consolidation over short-term profitability.
For Snabbit, acquiring Pync’s workforce is expected to provide immediate operational leverage in Bengaluru. The startup recently raised $30 Mn in a Series C round led by Bertelsmann India Investments, its third funding round in 2025 following over $24 Mn in earlier rounds.
Founded in 2024 by ex-Zepto chief of staff Aayush Agarwal, Snabbit offers trained and verified domestic workers, including cleaners, cooks, and dishwashers, with a service delivery promise of 10–15 minutes.
