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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
Pronto extends Series B to $45 million at $200 million va...
2026-05-07 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Pronto, the instant household services platform, has raised $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. Pronto’s total capital raised to date stands at around $60 million, with backers including General Catalyst, Bain Capital Ventures, Glade Brook Capital, Epiq Capital, and Lachy Groom.

Since closing the first tranche of the Series B funding a month ago, Pronto has scaled its daily bookings to 26,000, up from about 18,000.

More professionals have joined the platform. Its team has grown from 1,440 in January to 6,500 trained, background-verified Pros over four months.

The business is running at over 65 per cent utilisation, reflecting strong demand density and improving operational efficiency at scale, noted the company in a statement.

“Organising informal labor is going to be one of the defining shifts of the next decade in services. It is also one of the harder problems in the consumer economy. The work of the last year has been about that. The longer-term vision of Pronto is to be the world’s largest labor organisation platform,” said Anjali Sardana, Founder and CEO of Pronto.

Pronto accounted for 2.7 million monthly active users, behind Urban Company’s 6.5 million but ahead of Snabbit’s 1.2 million, according to the note. The raise comes amid an escalating capital war in the sector as startups race to build dense neighbourhood-level labour networks.

The startup plans to deepen its presence in its existing cities over the next six months. It has also expanded to new services in recent weeks – opening car washing and gardening in some micromarkets and piloting home cooks in Bengaluru.

“Pronto’s ambition is to build the world’s largest labor organisation platform, starting with the country that has the largest and least structured labor market in the world. The work underneath that is genuinely hard and most attempts in adjacent categories have struggled with the operational discipline. Anjali and the team are doing it at a level I haven’t seen elsewhere in this space,” said Lachy Groom, co-founder of Physical Intelligence.

Published on May 7, 2026