In a significant development for the quick services sector, Snabbit, a burgeoning  startup, has successfully absorbed its smaller competitor, Pync. This acquisition brings  on board Pync’s founding team and over 20 employees, marking an early consolidation  in India’s rapidly evolving quick services market, which has garnered substantial  investor interest over the past year. 

While the financial specifics of the deal remain under wraps, this acquisition enhances  Snabbit’s operational capabilities at a time when competition in this space is  intensifying and becoming increasingly capital-intensive. 

Pync Team Joins Forces with Snabbit 

As part of this integration, **Pync’s founders—Harsh Prateek, Mayank S, and Dev  Priyam—**will assume senior positions within Snabbit’s business and operations. The  transition of Pync’s team, equipped with valuable experience in managing hyperlocal  service operations, is expected to bolster Snabbit’s workforce significantly. 

The founders believe that the synergy between the two companies stems from their  mutual commitment to operational efficiency, enhancing consumer experiences, and  executing scalable solutions. 

Emerging Leaders in a Young Sector 

This acquisition is indicative of a broader trend towards consolidation in a sector that  was virtually non-existent just a year ago. Industry experts highlight that Urban  Company’s Insta Help currently leads the quick services arena, with Bengaluru-based  competitors like Snabbit and Pronto following closely. Other startups, including Pync 

and Broomies, have operated independently but are now feeling the pressure as the  market evolves. 

Snabbit’s strategic move positions it more prominently among the frontrunners as  competition heats up. 

Funding Disparities and Market Dynamics 

Pync initially launched as a car-cleaning subscription service before shifting its focus to  home assistance. While competitors in this space have collectively raised nearly $70  million, Pync managed to secure only $2 million in seed funding last year. According to  Tracxn, the startup was last valued at approximately Rs 54.5 crore (around $6 million). 

In contrast, Snabbit achieved a valuation of around $180 million in its most recent  funding round in October, highlighting the growing divide between larger, established  players and smaller entities in the sector. 

Increasing Cash Burn Amidst Capital Inflows 

The quick services industry is witnessing a surge in activity, driven by aggressive  expansion strategies and substantial discounting. A recent report from the Economic  Times indicates that monthly cash burn among leading players has escalated from $2–3  million in August to nearly $7–8 million by December. 

To sustain their growth trajectories, companies are actively seeking capital. Media  reports suggest that Snabbit is in discussions to raise between $100–120 million in its  upcoming funding round, while Pronto is reportedly aiming to secure $25 million at a $100 million valuation. 

Leadership Insights on Future Prospects 

Reflecting on the acquisition, Harsh Prateek, Co-founder of Pync, expressed that both  teams have been operating within the same category, showcasing a strong alignment in  their operational philosophies and execution strategies. He noted that merging Pync’s streamlined operational experience with Snabbit’s scale would significantly enhance  their collective impact. 

Aayush Agarwal, Founder of Snabbit, highlighted high-frequency home services as one  of the most substantial consumer internet opportunities of the decade, stressing that  success in this domain hinges on consistent execution and operational excellence.