Bengaluru-based startup Pronto is transforming India’s informal domestic help market by offering a digital platform for home services. The company focuses on providing structured and quick services for daily chores, handling 18,000 daily bookings and rapidly expanding its presence across key metropolitan areas.
Recently, Pronto secured a $25 million Series B funding round led by Epiq Capital, pushing its valuation to $100 million. This marks a significant 8x increase in valuation in less than a year, demonstrating investor confidence in the company’s business model.
Pronto’s approach involves dispatching trained and background-verified professionals, known as ‘Pros,’ within minutes to meet customer demands. By offering predictable income for its workers and ensuring quick service for users, the company is redefining the traditional home services sector in India.
According to founder Anjali Sardana, Pronto’s growth has been exponential, with a significant increase in daily bookings and user retention rates. The company aims to reach 70,000 daily bookings by June, indicating its trajectory of rapid expansion and market dominance.
Pronto has expanded from one city to 10 and from five to over 150 micromarkets, extending its reach across key metropolitan areas like Delhi NCR, Bengaluru, and Mumbai. Despite this growth, the startup is strategically focusing its efforts in select markets to ensure operational efficiency and service quality.
Source: TechCrunch