Snabbit Acquires Pync Team to Boost Presence in India’s Quick Home Services Market

Quick home services platform Snabbit has announced that it is hiring Pync founding team, bringing the startup’s founding team onboard as it seeks to scale in India’s rapidly expanding home services sector.

The deal sees Pync’s founders, Harsh Prateek, Mayank S, and Dev Priyam, join Snabbit, taking up senior roles across operations and business functions.

Funding on the Horizon

The acquihire comes as Snabbit is reportedly in talks to raise a $100 million funding round, following previous capital raises of over $25 million from Elevation Capital and Nexus Venture Partners. Entrackr had reported the potential round as early as October last year.

The integration of Pync’s team, along with the anticipated funding, is expected to strengthen Snabbit’s competitive position against rivals such as Urban Company, which recently went public, and Pronto, a ten-minute home-help startup that raised $11 million in a round co-led by General Catalyst and Glade Brook Capital.

About Pync

Pync, founded in 2023, began as a car-cleaning subscription service before pivoting to quick home services, raising approximately $2 million in seed funding from Accel, Bharat Founders Fund, and BetterIndustries. Prior to the integration, Pync operated solely in Bengaluru, serving over 25,000 households with a network of more than 1,000 service professionals.

Speaking on the partnership, Harsh Prateek, co-founder of Pync, highlighted that both teams shared a similar approach to operations and customer experience. He noted that merging Pync’s lean execution capabilities with Snabbit’s scale and resources would accelerate growth.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.