Synopsis
Pronto has crossed 500,000 completed bookings and reached 22,000 daily orders by March-end, marking one year since launch. Growth in the househelp segment continues, with Urban Company and Snabbit also scaling rapidly. Pronto also raised $25 million in a recent funding round, valuing it at around $100 million.Pronto’s daily bookings rose to 22,000 last month, significantly more than February, when it logged over 15,000 a day. The company has burned just over $8 million in the past year.
“None of this happens without the more than 5,000 Pros (professionals) who trust us with their livelihoods and the families who welcome them in. This responsibility shapes every decision we make. Hundreds of millions of people in India do the hardest work and still have the least to show for it.
"Year two," Sardana wrote in her post.
By early December, Pronto was clocking around 6,000 daily bookings and had about 1,300 professionals on its platform, ET had reported earlier.
This comes just days after Urban Company announced that its quick service vertical InstaHelp clocked over a million completed bookings in March. In February, the company had recorded 840,000–850,000 orders.
Snabbit, too, hit the million order milestone in March, founder Aayush Agrawal had announced then. In December, the Bengaluru-based startup reported 500,000 orders, which increased to 830,000 in February driven by strong demand in existing markets.
In March, ET reported that major players in the househelp segment, including Urban Company, Snabbit, and Pronto, together crossed two million orders in February, up 45–50% from around 1.3 million in December.
Funding boost
As the platforms scale and report growing booking numbers, the segment has caught the attention of investors.
In March, Pronto raised $25 million in a round led by Epiq Capital, with participation from existing investors Glade Brook Capital, General Catalyst, and Bain Capital Ventures. The round valued the company at around $100 million.
Meanwhile, rival Snabbit is in talks to raise $50-60 million led by South Korea’s Mirae Asset Venture Investments and existing backer Bertelsmann India Investments (BII), ET had reported.
