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Lachy Groom to back India startup Pronto at a $200M valuation, sources say
Lachy Groom is reportedly leading a $20 million funding round for Indian startup Pronto, which connects households with domestic help. This will boost Pronto's valuation to $200 million, doubling its worth in weeks after a previous funding round. The Bengaluru-based startup has seen significant growth, handling around 24,000 daily orders and expanding its market presence rapidly since its founding in 2025.
Key points
- Lachy Groom is leading a funding round for Pronto at a valuation of $200 million.
- Pronto aims to raise about $20 million in fresh capital.
- Company valuation doubled from $100 million after a $25 million Series B round led by Epiq Capital.
- Pronto completed 500,000 orders last month with an increase from 18,000 daily orders in March.
- The startup operates in around 10 cities, predominantly in the National Capital Region.
- 99% of its 4,500 active professionals are women, highlighting its social impact.
Why it matters
- The rise of home service startups aligns with a broader trend of increasing demand for convenience and on-demand solutions in urban areas.
- Growth in sectors like domestic help reflects the shifting labor market dynamics, especially post-pandemic.
- Investors are increasingly interested in tech-driven solutions that enhance quality of life amid urbanization and busy lifestyles.
Lachy Groom's investment in Pronto underscores the rapid scaling potential of tech startups addressing everyday needs, reflecting changing consumer preferences and the rise of on-demand services in India.