Pronto raises $45 million in a new funding round and has doubled its valuation to about $200 million in roughly a month, marking one of the fastest‑track re‑valuations in India’s on‑demand home‑services space. The company has raised around $60 million so far, with the latest $45 million forming its extended Series B.
The fresh capital is led by Lachy Groom, co‑founder of US‑based AI robotics firm Physical Intelligence and an early backer of quick‑commerce player Zepto, who contributed $20 million to the extended round. Earlier, Pronto had raised about $25 million from marquee investors such as General Catalyst, Bain Capital Ventures, Glade Brook Capital Partners, and Epiq Capital.
Pronto, an instant household‑services platform, now serves about 2.7 million monthly active users, sitting behind Urban Company’s 6.5 million but ahead of rival Snabbit’s 1.2 million. The startup has sharply scaled its bookings and workforce, growing its pool of service professionals from under 1,500 to roughly 6,500 in the last four months.
The company plans to use most of the new money to deepen its presence in existing cities and to launch more services like car washing, gardening, and home‑cooked meals in select “micromarkets.” With its valuation now at $200 million, Pronto intensifies competition in a sector where Urban Company and Snabbit are also raising heavy capital.
FAQs [Frequently Asked Questions]
1. What did Pronto raise and how much is it valued now?
Pronto raised $45 million in an extended Series B round, lifting its valuation to about $200 million, double its earlier level in roughly a month.
2. Who invested in this round and how much has Pronto raised in total?
Venture investor Lachy Groom led a $20 million extension, joining earlier backers like General Catalyst, Bain Capital Ventures, Glade Brook, and Epiq Capital; Pronto’s total funding is about $60 million.
3. How will Pronto use the new money and what markets does it target?
Pronto will use the funds to grow its workforce, strengthen supply in current cities, and add services such as car washing, gardening, and home cooking in select Indian markets.