This comes as competition in the home services sector intensifies amid rapid scaling and fundraising by the players.
“In just the last three months, our home services platform has grown over 300%. Through this incredible scale-up, what makes me most proud is our unwavering commitment to building a win-win business,” Sardana said in a LinkedIn post.
“Our team is young, high-energy and scrappy (in our first year, we burned just over $8 million), working in-person in Bangalore,” she added.
By early December, Pronto was clocking around 6,000 daily bookings and had about 1,300 professionals on its platform, ET had reported earlier.
The segment’s combined burn jumped from about $2-3 million per month in August to nearly $5-7 million by October. A bulk of this goes towards acquiring and retaining supply, funding discounts, and seeding behaviour among first-time users.
Pronto, which recently shifted its base to Bengaluru from Gurugram, is hiring product managers and engineers as it expands its services.
In December, Pronto was in advanced discussions to raise $25 million in from various investors, including Epiq Capital, as well as existing backers Glade Brook Capital, General Catalyst, and Bain Capital.
Meanwhile, rival Snabbit raised $30 million in a round led by Bertelsmann India Investments (BII) in October. Founder Aayush Agarwal had earlier said that the platform plans to broaden its offerings to include cooking, elder care, and child care.
Urban Company‘s InstaHelp business reported an adjusted earnings before interest, taxes, depreciation, and amortisation (Ebitda) loss (or operating loss) of Rs 61 crore in the December quarter, up from Rs 44 crore in the previous quarter.