Pronto raises $20 million in Series B extension as valuation doubles…

Team S · 2026-05-07T14:03:54.000Z

Indian on-demand home services startup Pronto has raised an additional $20 million in its Series B round from venture capitalist Lachy Groom, doubling its valuation to $200 million in just two months. The company had previously raised $25 million in March from Epiq Capital, Glade Brook Capital, General Catalyst, and Bain Capital Ventures at a $100 million valuation. Pronto is a platform backed by General Catalyst that offers home services — including laundry, kitchen prep, and home cleaning — starting from ₹125 ($1.32), with workers available within 15 minutes. It competes with Urban Company's Insta Help and Lightspeed-backed Snabbit, and is expanding into car washing, gardening, and piloting home cooks. The company will use much of the fresh capital to scale its workforce, CEO Anjali Sardana said, noting that the platform is "very supply-constrained." Daily bookings have grown from 3,000 at the start of December to over 26,000, and Sardana said growth over the next six months will come from deepening its presence in existing markets rather than expanding to new ones. Like many growth-stage startups, Pronto offers customers significant discounts while maintaining steady payouts to workers. Sardana said the company has cut burn per booking by 55% in the last quarter and remains "very well capitalised for the next year or two," though a BofA Securities note from May 4 flagged that the next 24 to 36 months are likely to be "very burn heavy."

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Pronto raises $20 million in Series B extension as valuation doubles… | Newnex