Lachy Groom to back India startup Pronto at a $200M valuation, sources say


Pronto, an Indian instant house-help startup, is finalizing a funding round led by tech investor Lachy Groom that would value the fast-growing company at about $200 million after investment, TechCrunch has learned.

The deal is expected to bring in about $20 million in fresh capital and would mark a sharp jump from the $100 million valuation at which the company raised $25 million in a Series B round led by Epiq Capital in early March, doubling its valuation in a matter of weeks, two people familiar with the matter said.

Bengaluru-based Pronto completed about 500,000 orders last month and is currently handling around 24,000–25,000 orders daily, up from about 18,000 daily bookings in March and roughly 1,000 last year.

Founded in 2025, Pronto connects households with on-demand domestic help for services such as cleaning and chores, promising quick turnaround times through a managed network of workers.

In March, Pronto founder Anjali Sardana told TechCrunch the startup had expanded from one city to 10 — including Delhi NCR, Bengaluru, and Mumbai — and from five to more than 150 micromarkets. However, much of its activity remains concentrated in a handful of markets, with the National Capital Region accounting for about half of total bookings.

The startup has over 4,500 active professionals on its platform, around 99% of whom are women, Sardana said last month, adding that demand continued to outpace onboarding of new workers as bookings grew about 20% week over week.

Before this funding, Pronto had raised about $40 million in total. Its investors include Epiq Capital, Glade Brook Capital, General Catalyst and Bain Capital Ventures.

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Pronto and Groom did not respond to requests for comment.

Physical Intelligence is reportedly in talks to raise $1 billion, again


Physical Intelligence, the two-year-old San Francisco robotics startup, is in discussions to raise about $1 billion in new funding at a valuation exceeding $11 billion, according to Bloomberg. The deal would effectively double the company’s $5.6 billion valuation in just four months.

Founders Fund is set to participate with Lightspeed Venture Partners also in talks to invest alongside returning backers Thrive Capital and Lux Capital, Bloomberg reported. The deal is still in early stages and details could change, noted the outlet.

TechCrunch visited Physical Intelligence’s headquarters in January, where co-founder Sergey Levine described the company’s ambition simply: “Think of it like ChatGPT, but for robots.” At the time, the company had raised just over $1 billion and employed about 80 people working to build general-purpose AI models that can power robots to perform a wide variety of tasks, from folding laundry to peeling vegetables.

Co-founder Lachy Groom told TechCrunch the company has no timeline for commercialization, an unusual posture that its investors don’t seem to mind. “There’s no limit to how much money we can really put to work,” Groom said. “There’s always more compute you can throw at the problem.”