All posts tagged: Lachy

Lachy Groom to back India startup Pronto at a 0M valuation, sources say

Lachy Groom to back India startup Pronto at a $200M valuation, sources say

Published by skeptic

Pronto, an Indian instant house-help startup, is finalizing a funding round led by tech investor Lachy Groom that would value the fast-growing company at about $200 million after investment, TechCrunch has learned. The deal is expected to bring in about $20 million in fresh capital and would mark a sharp jump from the $100 million valuation at which the company raised $25 million in a Series B round led by Epiq Capital in early March, doubling its valuation in a matter of weeks, two people familiar with the matter said. Bengaluru-based Pronto completed about 500,000 orders last month and is currently handling around 24,000–25,000 orders daily, up from about 18,000 daily bookings in March and roughly 1,000 last year. Founded in 2025, Pronto connects households with on-demand domestic help for services such as cleaning and chores, promising quick turnaround times through a managed network of workers. In March, Pronto founder Anjali Sardana told TechCrunch the startup had expanded from one city to 10 — including Delhi NCR, Bengaluru, and Mumbai — and from five to …

Physical Intelligence, Stripe veteran Lachy Groom’s latest bet, is building Silicon Valley’s buzziest robot brains

Physical Intelligence, Stripe veteran Lachy Groom’s latest bet, is building Silicon Valley’s buzziest robot brains

Published by skeptic

From the street, the only indication I’ve found Physical Intelligence’s headquarters in San Francisco is a pi symbol that’s a slightly different color than the rest of the door. When I walk in, I’m immediately confronted with activity. There’s no reception desk, no gleaming logo in fluorescent lights. Inside, the space is a giant concrete box made slightly less austere by a haphazard sprawl of long blonde-wood tables. Some are clearly meant for lunch, dotted with Girl Scout cookie boxes, jars of Vegemite (someone here is Australian), and small wire baskets stuffed with one too many condiments. The rest of the tables tell a different story entirely. Many more of them are laden with monitors, spare robotics parts, tangles of black wire, and fully assembled robotic arms in various states of attempting to master the mundane. During my visit, one arm is folding a pair of black pants, or trying to. It’s not going well. Another is attempting to turn a shirt inside out with the kind of determination that suggests it will eventually succeed, …