According to a source from Bloomberg, the AI coding helper Cursor has exceeded $2 billion in annual revenue. This person reports that the startup, which is four years old, has seen its annual revenue run rate double in the last quarter.

The announcement seems strategically planned to address a recent surge of doubts. Last week, tweets questioning Cursor’s ongoing progress gained traction, highlighting notable departures of individual developers to rival tools—especially Anthropic’s Claude Code.

Established in 2022, Cursor originally targeted individual developers with its product. However, in the past year, it has shifted its focus to securing large corporate clients, which now contribute to about 60% of its revenue, as reported by Bloomberg.

While some individual developers and smaller firms have transitioned from Cursor to Claude Code, viewed as more affordably priced, this trend seems to affect the higher-paying corporate clients who generally remain longer.

In addition to Claude Code, OpenAI’s coding solution Codex is also vying for a position in the swiftly expanding sector of AI-assisted software development. Other competitors in this field include Replit, Cognition, and Lovable.

Cursor was last appraised at $29.3 billion following a $2.3 billion funding round co-led by Accel and Coatue in November.

Cursor has not yet replied to our inquiry for comments.

Pronto, based in Bengaluru, is digitizing India’s predominantly informal domestic help sector. With an increase in daily bookings and an expansion of its city presence, investors are keen to invest.

On Tuesday, the startup announced it has secured $25 million in a Series B funding round led by Epiq Capital, which elevates its valuation to $100 million just nine months after launch. This marks more than a twofold increase from its $45 million valuation in August 2025 and over eight times its $12.5 million valuation at its stealth launch in May. Participating in the round were existing investors including Glade Brook Capital, General Catalyst, and Bain Capital Ventures, pushing total funding to nearly $40 million.

Pronto provides fast, organized services for routine tasks — ranging from mopping to dishwashing — ensuring that trained, background-checked professionals are available on request.

The startup claims it can send workers to a location within approximately 10 minutes in multiple micromarkets (specific serviceable areas within cities), aligning its service more with quick commerce compared to traditional home servicing. Each employed worker, referred to as a “Pro,” goes through face-to-face training and background checks before beginning to accept tasks and is allocated structured shifts designed to offer more consistent income than the casual arrangements common in the field.

According to founder Anjali Sardana (shown above, center), Pronto is currently managing 18,000 bookings daily, a significant rise from about 1,000 bookings per day last year. The typical interval between a customer’s initial and subsequent booking is only two days, with the platform’s top 10% of customers placing nine or more bookings each month. Sardana indicated that the startup aims to reach 70,000 daily bookings by June.

The startup has also been swift to broaden its geographic reach, growing from one city to ten—including Delhi NCR, Bengaluru, and Mumbai—and extending from five to over 150 micromarkets in just seven months, according to Sardana. Nevertheless, a significant portion of its activity is still concentrated in a few locations, with the National Capital Region, which encompasses cities near New Delhi, generating about half of all bookings.

Sardana noted that Pronto has only scratched the surface of India’s primarily offline domestic services market, where the majority of recruiting still relies on informal networks. “I still maintain that 99.99% of this market is entirely offline,” she told TechCrunch. “In total, fewer than 100,000 individuals are utilizing a service like this daily, while many millions of households depend on offline setups.”

Market research supports this assertion. A report by Redseer Strategy Consultants valued the overall home services market at approximately ₹5,100 to ₹5,210 billion (around $56 billion to $57 billion) for FY 2025. However, online penetration remains below 1% of net transaction value, underscoring the strong hold of word-of-mouth channels. Despite the currently limited online segment, it is expected to grow at an 18% to 22% annual compound rate through FY 2030, fueled by rising incomes, urbanization, and increased demand for reliability and convenience, prompting more households to explore digital platforms.

Developing the workforce

Pronto now collaborates with 4,500 active professionals on its platform, approximately 99% of whom are female, according to Sardana. Workers who complete around 20 shifts a month earn a median of ₹23,000 to ₹25,000 (approximately $251 to $273), she indicated. Monthly worker retention exceeds 70%. However, demand continues to surpass the onboarding of new professionals, with bookings increasing roughly 20% each week, said the founder.

Pronto’s unit economics are in flux as it ventures into new areas. Sardana mentioned that the firm is noticing “very encouraging early signs” in its oldest micromarkets in Gurugram, where contribution margins have become positive, although newer markets still require investment.

Sardana revealed to TechCrunch that Pronto has incurred approximately $8 million in losses so far and now possesses roughly two years of runway following the recent capital injection.

Pronto intends to use the new funding primarily for recruiting more professionals, strengthening its footprint in current markets, and venturing into new cities, according to Sardana. The company is also piloting new services like cooking, car washing, and dog walking, while also exploring additional domains, including salon offerings. However, currently, the platform’s most demanded services remain core tasks like sweeping, mopping, and dishwashing.

The startup functions with an essential team of around 60 employees, including about 15 to 16 in engineering, product, and design, while its marketing team remains small with a limited brand and performance group, as noted by Sardana.

The competition

Pronto is navigating a fiercely competitive niche within India’s home services market, contending with competitors such as Snabbit and the publicly traded Urban Company. Snabbit secured $30 million in late October at a valuation of $180 million—more than doubling in five months—and reported around 830,000 orders in February, compared to about 500,000 in December. Meanwhile, Urban Company stated that its platform surpassed 50,000 daily bookings in February.

Data from Sensor Tower analyzed by TechCrunch indicates that Pronto’s daily active user base grew approximately 37% to about 101,000 from late January to late February, in contrast to roughly 30% growth for Snabbit to around 93,000 users during the same timeframe.

Sardana emphasized that as competition intensifies, Pronto remains committed to maintaining service quality. “Ultimately, customers will gravitate towards the platform that delivers the highest quality service,” she stated.