Lachy Groom Leads $20M Extension in Pronto, Raising Valuation to $200M

Lachy Groom invested $20 million in Pronto as an extension of its Series B round, valuing the Bengaluru-based startup at $200 million after the investment. The deal doubles Pronto's valuation in just over two months. The investment follows a February meeting between Groom and 24-year-old founder Anjali Sardana that lasted only 20 minutes before Groom decided to back the company.

Paul Hudson, founder of Glade Brook Capital, arranged the introduction between Groom and Sardana during her trip to San Francisco. Glade Brook Capital has backed both Pronto and Physical Intelligence, where Groom serves as co-founder. Hudson and Groom have also backed Indian quick-commerce startup Zepto.

Groom said he was drawn to Pronto’s ambition to build the world’s largest platform for organizing domestic labor starting with India. “The work underneath that is genuinely hard, and most attempts in adjacent categories have struggled with the operational discipline,” he said. ” Anjali Sardana offered her own view of Groom’s process.

“He indexes two things. One is the founder, and that’s 95% of it. If he loves the founder, then he will invest,” she told TechCrunch. The rest comes down to the scale and potential of the business, she said.

Sardana founded Pronto in 2025 after working at Bain Capital and venture firm 8VC. The startup connects households with workers for cleaning and basic home services. It has grown rapidly, scaling from around 18,000 bookings a day to 26,000 in just over a month.

Pronto expanded its network of service workers to 6,500, up from 1,440 in January. Its top 10% of users account for about 40% of bookings. The company is focused on driving repeat usage among urban households turning to on-demand help for everyday tasks.

A Bank of America note estimates the instant home services market in India could grow to a $15 billion to $18 billion industry by the end of the decade. Bank of America estimates Snabbit and Urban Company’s InstaHelp each account for about 40% of the market. It estimates Pronto has around a 20% share of the instant home services market.

The category is expected to remain burn-heavy over the next two to three years amid intensifying competition and heavy capital inflows. Despite trailing larger rivals, Pronto continues to scale rapidly as it works to turn occasional demand into frequent usage. Demand has outpaced supply, making forecasting and capacity management central challenges.