A 20-minute pitch wins Indian startup Pronto backing from Lachy Groom
The investment comes as Pronto scales to 26,000 daily bookings and the market heads toward a potential $18 billion size.
AI Summary
Lachy Groom, a prominent solo investor, invested $20 million in Indian startup Pronto after just 20 minutes of meeting with its 24-year-old founder Anjali Sardana, valuing the company at $200 million. Pronto, which connects households with workers for home services, is scaling rapidly with 26,000 daily bookings as the on-demand home services market in India approaches an estimated $18 billion size. Groom was impressed by Sardana's operational discipline and ambition to build the world's largest platform for organizing India's unstructured domestic labor workforce.