India, May 7 -- Quick services platform Pronto has closed its Series B funding round at $45 Mn (Rs.425.3 Cr). In its latest second tranche, the startup has secured $20 Mn (Rs.189 Cr) from US-based Physical Intelligence founder Lachy Groom.

Pronto raised the latest funds at a valuation of $200 Mn (Rs.1,890 Cr), double compared to $100 Mn at which it was reportedly last pegged during the first tranche earlier this year.

The startup plans to utilise the fresh funds to strengthen its foothold in its existing cities over the next six months.

This follows the company raising $25 Mn in the first tranche of its Series B round from Epiq Capital, Glade Brook Capital, General Catalyst and Bain Capital Ventures in early March. At the time, the pla...