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Pronto’s 10-minute house-help pitch sparked a 3.6x valuation jump in just 90 days
Pronto has raised $11 million in an all-equity Series A round co-led by General Catalyst and Glade Brook Capital at a post-money valuation of $45 million.
The explosion of quick-commerce in the country has meant that millions of Indians are getting increasingly used to not having to wait for deliveries, or step out of their homes, as startups vie to make almost everything, from food and groceries to smartphones and gaming consoles, available within minutes. It seems investors, too, don’t want to wait long: A budding startup out of New Delhi called Pronto, which lets users book and avail cleaning, laundry and home services within 10 minutes, has tripled its valuation in less than 90 days. The new funding comes in the wake of solid traction: Pronto claims its revenue has risen by nearly five times, founder and CEO Anjali Sardana told TechCrunch, since it came out of stealth barely three months ago.
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