🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Pync Winds Up Operations, Founders Move to Snabbit

StartupTalky

StartupTalky · 3h ago

Pync Winds Up Operations, Founders Move to Snabbit

Pync, a quick home services startup, has ended its operations due to stiff competition from companies like Snabbit and Urban Company. Its co-founders have transitioned to rival Snabbit, assuming senior roles to leverage their expertise in scaling business operations. Snabbit, benefiting from Pync’s team, aims to expand its services, having already secured significant funding. Pync initially started with car-cleaning services before shifting to home services, catering to over 25,000 families in Bengaluru.

Related News

Snabbit acquihires Pync founding team to scale quick home services

Entrackr

Entrackr · 7h ago

Snabbit acquihires Pync founding team to scale quick home services

url: https://entrackr.com/news/snabbit-acquihires-pync-founding-team-to-scale-quick-home-services-10999863. Content: Quick home services platform Snabbit has announced that it is joining forces with the founding team of Pync as it looks to scale up in India’s rapidly growing quick home services market. The acquihire brings Pync’s founders Harsh Prateek, Mayank S and Dev Priyam into Snabbit, where they are expected to take up senior roles across operations and business functions. Founded in 2023, Pync initially offered car-cleaning subscriptions. The startup later pivoted to quick house services and raised about $2 million in seed funding from Accel, Bharat Founders Fund and Betterindustries. Before wrapping up the brand, it operated only in Bengaluru and served over 25,000 households with more than 1,000 service professionals. Harsh Prateek, co-founder of Pync, said the two teams shared a similar approach to operations and consumer experience, and that combining Pync’s lean execution with Snabbit’s scale would help accelerate growth. The development also comes at a time when Snabbit is also in talks to raise a larger funding round of around $100 million. Entrackr had exclusively reported the development in October last year. It has already raked in over $25 million from the likes of Elevation Capital and Nexus Venture Partners. The acquihire and the forthcoming funding are expected to strengthen Snabbit’s competitive position against its key rival and industry leader Urban Company, which was recently listed on Indian stock exchanges. The company also competes with Pronto, a ten-minute house-help services startup that has raised $11 million in a funding round co-led by General Catalyst and Glade Brook Capital.

House-help startup Pync shuts down amid fierce competition; founders to join Snabbit - The Economic Times

Economic Times

Economic Times · 22h ago

House-help startup Pync shuts down amid fierce competition; founders to join Snabbit - The Economic Times

Bengaluru-based house-help startup Pync is shutting down due to fierce competition, with its founders and some employees joining rival Snabbit. Pync, supported by Accel and General Catalyst, initially offered car-cleaning services before pivoting to house-help, operating solely in Bengaluru. The 10-minute house-help sector is led by Urban Company, followed by Snabbit and Pronto. The sector is experiencing rapid growth and high cash burn rates, with significant investments being made by major players.

Quick service app Snabbit strengthens leadership, shifts headquarters to Bengaluru - The Economic Times

Economic Times

Economic Times · 3m ago

Quick service app Snabbit strengthens leadership, shifts headquarters to Bengaluru - The Economic Times

Snabbit, a quick service app providing hyperlocal, on-demand home services, has moved its headquarters from Mumbai to Bengaluru to enhance growth and collaboration. The company appointed Ishan Kansal from Cred and Ankit Srivastava from Porter as heads of product and technology, respectively. Snabbit plans to double its workforce by FY26, supported by recent $19 million funding. This strategic move aligns with their rapid expansion and commitment to delivering superior customer experience and innovation.

Heavy rains, flooding disrupt delivery businesses in Mumbai - The Economic Times

Economic Times

Economic Times · 4m ago

Heavy rains, flooding disrupt delivery businesses in Mumbai - The Economic Times

Heavy rains and flooding in Mumbai have disrupted food delivery and quick commerce operations, causing companies to suspend services in severely waterlogged areas. Delivery partners, facing safety concerns from high winds and blocked roads, are demanding higher rain fees. The adverse weather has increased order demand, yet also led to significant delays and cancellations. Companies are experiencing challenges in maintaining operations, with supply constraints and riders struggling to fulfill orders amidst difficult conditions.

ETtech in-depth: Instant househelp demand triples as industry scrambles to crack economics - The Economic Times

Economic Times

Economic Times · 28d ago

ETtech in-depth: Instant househelp demand triples as industry scrambles to crack economics - The Economic Times

India's on-demand househelp sector, delivering services within 10 minutes, has grown rapidly from zero to hundreds of thousands of weekly orders. Companies like Urban Company, Snabbit, and Pronto are competing in this market, despite a rising cost of operations. Investors see a large addressable market, potentially worth $30-40 billion. The focus is on increasing usage frequency and achieving operational efficiency, with strategies varying from targeting daily users to relying on occasional demand spikes.

Quick service app Snabbit to expand into cooking, elder care, child care after $30 million fundraise - The Economic Times

Economic Times

Economic Times · 2m ago

Quick service app Snabbit to expand into cooking, elder care, child care after $30 million fundraise - The Economic Times

Bengaluru-based Snabbit is expanding its quick-service offerings to include cooking, elder care, and child care after securing $30 million in funding led by Bertelsmann India Investments. Competing with Urban Company's Insta Help and Pronto, Snabbit aims to scale by entering new markets and categories. Founded by Aayush Agarwal, it provides on-demand home services across multiple Indian cities. The company plans to introduce an early salary withdrawal option and explore offering loans in partnership with financial institutions.

Cyclone Fengal: Chennai airport suspends operations; airlines cancel flights

YourStory

YourStory · 1y ago

Cyclone Fengal: Chennai airport suspends operations; airlines cancel flights

Flights at Chennai airport were halted due to the impact of cyclone Fengal, causing flight cancellations and inconvenience for passengers. The airport was flooded in some areas due to heavy rains. The Airports Authority of India announced the suspension of operations during specific hours due to safety concerns. Airlines like IndiGo and Air India reported flight cancellations and diversions, while SpiceJet warned of potential disruptions. Chennai experienced gusty winds and heavy rainfall, causing disruptions to normal activities.

Quick service app Snabbit raises $5.5 million from Elevation Capital, Nexus Venture Partners

Economic Times

Economic Times · 11m ago

Quick service app Snabbit raises $5.5 million from Elevation Capital, Nexus Venture Partners

Quick service app Snabbit raised $5.5 million in a Series A funding round led by Elevation Capital, with Nexus Venture Partners and prominent angel investors participating. The funds will be used for customer acquisition, expanding in Mumbai, and enhancing operational capabilities. Founded by Aayush Agarwal, Snabbit connects households with trained professionals for on-demand home tasks. The company operates with a full-stack model and aims to explore adjacent service categories like cooking and elderly care.

Ligthspeed leads Elevation, Nexus-backed Snabbit's Series B round

VCCircle

VCCircle · 7m ago

Ligthspeed leads Elevation, Nexus-backed Snabbit's Series B round

Snabbit, a quick service app based in Mumbai, has raised $19 million in a Series B funding round led by Lightspeed, with participation from Elevation Capital and Nexus Venture Partners. Founded by Aayush Agarwal in 2024, Snabbit offers on-demand home services within 10 minutes through its mobile app. The fresh funding will facilitate the startup's expansion across India's metro cities and over 200 smaller markets, aiming to digitize trust, quality, and speed in home services.

Quick service app Snabbit raises $19 million in round led by Lightspeed

Economic Times

Economic Times · 7m ago

Quick service app Snabbit raises $19 million in round led by Lightspeed

Mumbai-based startup Snabbit, a quick service app offering hyperlocal, on-demand home services, has raised $19 million in a funding round led by Lightspeed, with participation from Elevation Capital and Nexus Venture Partners. Founded by Aayush Agarwal, Snabbit aims to expand into new micro-markets and enhance its team, providing rapid services like cleaning and laundry. The company utilizes a full-stack model, ensuring consistent service with time-based pricing and advanced technologies for workforce management.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

Sept 2025

Your Health, Simplified with Smart Care

An ecosystem for curated creative partnerships

Your Health our Priority.

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Reliance Jio Considers 2.5% IPO i ...

House-help startup Pync shuts dow ...

Monnai Raises $12 Million in Fund ...

Download the medial app to read full posts, comements and news.