Fast house companies startup Pync has shut down operations amid intensifying competitors within the prompt house-help section, marking an early signal of consolidation within the class.
The startup’s three co-founders, together with Harsh Prateek, Mayank Sahu and Dev Priyam, have joined rival Snabbit in senior roles throughout operations and enterprise capabilities.
Snabbit additionally plans to onboard greater than 20 former Pync staff because it appears to be like to strengthen its operational footprint, notably in Bengaluru. The event was first reported by The Financial Instances.
“I’m excited to welcome Harsh, Mayank, and Dev to Snabbit as we be a part of forces to construct the class of the last decade. Their expertise in operating a lean, tight ship and their deep obsession with this class will add immense power to our journey,” Snabbit founder Aayush Agarwal stated.
Based in 2023, Pync started as a car-cleaning subscription service earlier than pivoting to fast house-help companies. The startup raised about $2 million in seed funding final 12 months and operated solely in Bengaluru.
At its peak, it served over 25,000 households, scaled to just about 5,000 each day orders, and labored with greater than 1,000 service professionals. Pync was onboarding round 200 new service companions every week whereas working independently.
Pync’s shutdown comes at a time when competitors within the 10-minute house-help section has intensified sharply. The market is at the moment led by listed client companies firm City Firm, adopted by Snabbit and Information Edge-backed Pronto.
Snabbit, based in 2024 by former Zepto chief of workers Aayush Agarwal, gives skilled and verified home assist, together with cleaners, cooks and dishwashers, inside 10-Quarter-hour.
The startup has raised about $60 million up to now, together with a $30 together with Collection C funding spherical led by Bertelsmann India Investments in October. It has accomplished three funding rounds in 2025 and plans to develop into adjoining companies similar to cooking.
Confirming the event on January 15, Agarwal stated the class could be received by execution. “Excessive-frequency house companies is the biggest client web disruption of this decade. It’s a advanced enterprise that might be received by operational excellence and relentless, day-to-day execution,” the assertion stated.
Pync cofounder Harsh Prateek stated the choice was pushed by shared working philosophies.
“{Our capability} of operating lean multi-category operations along with Snabbit’s scale and execution excellence will make an exceptionally sturdy staff,” he stated.