A 20-minute pitch wins Indian startup Pronto backing from Lachy Groom
8 Articles
8 Articles
In the startup world, Pronto's story stands out as one of India's most prominent success stories, having secured significant investment from a leading investor. Lashe Groom, one of Silicon Valley's most prominent solo investors, played a crucial role in supporting the Indian startup Pronto just 20 minutes after his initial meeting with its 24-year-old founder. The $20 million investment, which began in February via a mutual call, extended Pronto…
Pronto extends Series B funding to $45 million at $200 million valuation
New Delhi: Pronto has extended its Series B funding round to $45 million, with a fresh $20 million investment led by Lachy Groom. The latest investment values the company at $200 million, doubling its valuation within about a month. The company said the funding round follows growth in daily bookings, which increased to 26,000 from around 18,000 since the first tranche of the Series B raise closed a month ago. Pronto, which operates in the househ…
Pronto raises USD 20 mn extension investment led by Lachy Groom; valuation doubles to USD 200 mn
NEW DELHI, May 7: Instant household services platform Pronto on Thursday said it has raised USD 20 million extension investment led by Lachy Groom, co-founder of AI robotics company Physical Intelligence and an early backer of quick-commerce firm Zepto. With the latest fundraise, the company has closed its Series B funding round at USD 45 million, doubling its valuation to USD 200 million in about a month. With this latest infusion, Pronto has …
Pronto Extends Series B to $45 Million at $200 Million Valuation, Doubling Its Valuation in a Month
Pronto, the instant household services platform, today announced the close of its $45 million Series B, with Lachy Groom, co-founder of AI robotics company Physical Intelligence and an early backer of Zepto, joining the round with a $20 million investment. The new investment values Pronto at $200 million, doubling its valuation in about a month. Since closing the first tranche of the Series B funding a month ago, Pronto has scaled its daily book…
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