Pronto raises $45 million Series B and $20 million, doubles to $200 million
Pronto, the home services startup, just scored $45 million in fresh Series B funding, led by Epiq Capital and backed by big names like Glade Brook Capital, General Catalyst, and Bain Capital Ventures.
With this round (plus an extra $20 million from investor Lachy Groom), Pronto's valuation has doubled to $200 million in less than a month.
Pronto expands, faces supply challenges
The new funds will help Pronto expand its operations and reach more cities across India's massive home services market.
Right now, they're active in 10 cities with 26,000 daily bookings but are working through supply challenges, even as their partner network jumped from 1,440 to 6,500 pros since January.
CEO Anjali Sardana says she's optimistic about stabilizing their workforce soon and plans to roll out structured B2B services within two years: "We want to provide a more structured and organized offering to B2B customers rather than just a B2B staffing business."