Pronto Raises $25 Million in Series B Funding Led by Epiq Capital

Pronto Secures Series B Funding

Pronto, a Bengaluru-based startup that offers a digital platform for home services, has successfully raised $25 million in its Series B funding round. The round was led by Epiq Capital, with participation from Glade Brook Capital, General Catalyst, and Bain Capital Ventures.

Company Background

Founded by Anjali Sardana, who also serves as the CEO, Pronto connects consumers with a range of home services, from cleaning to maintenance, through a user-friendly app. The company has been gaining traction in India's growing on-demand service sector, providing a convenient solution for household needs.

Use of Funds

Pronto plans to utilize the newly raised capital to enhance its technology infrastructure and expand its service offerings. The focus will be on increasing its market presence across India, improving customer experience, and adding new service categories to its platform.

Investors and Market Valuation

Epiq Capital, leading the investment, is joined by other notable investors such as Glade Brook Capital, General Catalyst, and Bain Capital Ventures. This funding round places Pronto's valuation at $100 million, reflecting investor confidence in the company's growth potential and its business model.

Remarks from Leadership

Anjali Sardana, Founder and CEO of Pronto, commented on the funding round, stating, "This investment will allow us to scale our operations and innovate our service offerings to better meet the needs of our users."

Future Plans

With the additional funding, Pronto aims to further solidify its position in the competitive home services market in India. The company plans to leverage its strengthened financial position to attract more users and service providers, thereby expanding its ecosystem.

Overall, this funding marks a significant step for Pronto as it seeks to broaden its reach and enhance its platform in a rapidly evolving market.