Source: TechCrunch
Summary
Pronto, a delivery startup, has raised $20 million in Series A funding. The investment comes as the company scales to 26,000 daily bookings, with the market expected to reach $18 billion in size. The funding will be used to further expand Pronto’s operations and improve its logistics technology.
Our Reading
The launch follows a familiar script.
Pronto’s $20 million Series A funding is the latest in a long line of investments in the delivery space. The company’s 26,000 daily bookings are a drop in the bucket compared to the market’s potential $18 billion size. It’s just another iteration of the same idea: using technology to get stuff to people faster. Because what’s really new here is the font on the delivery app.
Author: Evan Null
