23-Year-Old Founder’s Home-Help App Hits $100 Million Valuation

Household-help app Pronto raised funding at a $100 million valuation, underscoring rising demand for services such as cooking and cleaning from India’s rapidly expanding middle class.

The 11-month-old upstart snagged $25 million from investors led by Epiq Capital, it said in a statement Tuesday. Existing backers Glade Brook Capital, General Catalyst and Bain Capital Ventures participated in the Series B round.