"Groom was drawn to Pronto's ambition to build what he called the world's largest platform for organizing domestic labor, starting with India's vast and largely unstructured workforce. 'The work underneath that is genuinely hard, and most attempts in adjacent categories have struggled with the operational discipline,' he said."
"Sardana said Groom's investment approach is heavily founder-driven. 'He indexes two things. One is the founder, and that's 95% of it. If he loves the founder, then he will invest,' she told TechCrunch."
Lachy Groom, a prominent solo investor, invested $20 million in Indian startup Pronto shortly after meeting its founder, Anjali Sardana. This investment doubled Pronto's valuation to $200 million. The startup aims to create the largest platform for organizing domestic labor in India. Groom was impressed by Sardana's operational discipline and ambition. Sardana's background includes experience at Bain Capital and 8VC. The introduction to Groom was facilitated by Paul Hudson, who has connections with both Pronto and other startups in the region.
Read at TechCrunch
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