Home-services startup Pronto has raised additional funding in a Series B round to scale its on-demand platform in India [1, 2, 3].
The investment allows Pronto to deepen its presence in current operational cities and capture a larger share of the fragmented home-services market. As urban demand for rapid residential maintenance grows, the company aims to optimize its logistics and service delivery.
Reports vary on the exact amount secured in this round. Some sources said the company raised $20 million [1, 3], while another report said the figure was $25 million [5]. In terms of local currency, these amounts are approximately Rs 189 crore [3] or Rs 228.9 crore [6]. One report said the total size of the round reached $45 million [4].
The funding round included venture capitalist Lachy Groom and Epiq Capital [1, 2]. Following this injection of capital, the company's post-money valuation has risen to $200 million [3].
Pronto currently manages 26,000 daily bookings [8]. The company is positioning itself to capitalize on a sector with significant growth potential. Some estimates project the home-services sector market size at $18 billion [9], while other broader estimates for the Indian home-services market place the value at over $60 billion [10].
Pronto's growth strategy focuses on the transition of traditional home maintenance into a digitized, on-demand experience. By securing this capital, the startup intends to expand its workforce, and technical infrastructure to maintain its current booking volume while entering new territories.
“Pronto's post-money valuation has risen to $200 million”
The discrepancy in reported funding amounts—ranging from $20 million to $25 million—suggests a lack of a single official disclosure, but the jump to a $200 million valuation indicates strong investor confidence. In a market estimated between $18 billion and $60 billion, Pronto is attempting to transition from a niche startup to a dominant infrastructure player in India's urban service economy.
