Pronto, India’s instant household services platform, has closed a $45 million Series B at a $200 million valuation—doubling its value in roughly a month. Led by Lachy Groom with a $20 million extension, the funding follows rapid traction: daily bookings rose to 26,000 and the platform runs at over 65% utilization with a rapidly expanding pool of trained, verified pros.
Chinese regulators, including the National Development and Reform Commission, have reportedly directed private technology firms to reject U.S. investment in funding rounds unless explicit approval is secured. The move signals tighter controls over cross-border capital flows into sensitive sectors, potentially reshaping how foreign investors participate in China’s tech financing landscape.
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