In 2025, the average city of Indians does not have to attend long for a very long time (except for government offices and road traffic): they just have to order what they need from the application, and can be delivered inside a few minutes. The explosion of fast trade in the country meant that thousands and thousands of Indians more and more often got used to you do not have to attend for delivery or leave their homes, because the startups compete with almost all the things, from food and foodstuffs to smartphones and game consoles, available inside a few minutes.
It seems that investors do not wish to wait long: he called the news of (*90*) news Prontowhich allows users to book and use cleansing, laundry and home services inside 10 minutes, has tripled its valuation in lower than 90 days.
It wasn’t until May that Pronto raised a round of $ 2 million with a valuation of $ 12.5 million. The startup has now raised a round of $ 11 million and with a valuation after purchase of $ 45 million, jointly run by General Catalyst and Glade Brook Capital. The existing investor Bain Capital Ventures also participated in this round.
New financing appears after solid grip: Pronto claims that his revenues have increased by almost five times, said Techcrunch, founder and general director of Anjali Sardan, because he got here out of hiding only three months ago.
The startup now has quite a few reservations in “four digits” every day and expects annual repetitive revenues in the range from 750,000 to $ 1.5 million, said Sardana, although she refused to reveal accurate data.
“It largely boils down to two things: one of them is the momentum and the crazy speed with which we scaled, as well as only investors who recognize the quality of the team and how quickly we do,” said Sardana, explaining what led investors to finance the series and after its round.
For Sardan’s investors, it appears to be the major reason why they can be found so early. “We were very impressed with Anjali,” said Rahul Garg, a partner at General Catalyst. “Given how young she is, considering that she spent a lot of time in the US after she came to India, which she was able to achieve, opinions of delivery partners, customer reviews, her thought process and how she wants to build and scale this business, we found her very inspiring.”
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Pronto is not the only startup connecting home employees with consumers. Lightspeed Venture Partners have recently supported Snabbit, and based on IPO Urban Company also offers a similar service.
Garg told TechCrunch that India has 180–190 million nuclear families, which are potential clients in the field of household services and partially qualified and unqualified working force in the amount of 35 million, which in this space could use a wage pool of $ 35 billion.
“Regardless of how you look at the market, it is large enough for many players to build a strength business,” he said.
Expansion plans
Pronto now has six Piasts in Gurugram, the satellite city of New Delhi, from two in May. Each of those hubs serves customers at a distance of 1.5 miles.
The startup initially met from 70% to 80% of demand at a distance of 500 meters of households, because its first two hubs were in densely populated residential areas. At the intersections he now set the hubs so that his employees could quickly reach many smaller, spread sectors.
Pronto’s major clients are professionals and sees high demand. “Household help is very common in India. And therefore these are cases of use in which demand is quite concentrated, even in small catchments,” said Garg.
The startup is now planning to expand each in Gurugram and latest markets, including in Bombay, Bengalur and other large cities, in the next 12-18 months.
Pronto has employment of 33 people and about 750 employees have signed up on their platform.