Pronto (Founding)

Funding Details
Awarder
YCombinator
Date Award
December 04, 2018
Vertical
Consumer,Transportation Services
Funding URL
View Funding Page

Company Info
Founding Year
2018
Company Description
PRONTO is the first RIDE-SHARING + DELIVERY platform for SECOND-TIER cities in LATAM. In second-tier cities all transactions are paid with cash, this is why the Uber model doesn´t work (since they have to collect their revenue from commissions). We solved this by creating a subscription model where drivers pay a monthly recurring subscription of 59 to 99 USD depending on their monthly revenue. This also generates a higher LTV with low CAC as well as high engagement and fidelity ratios. Traction: Since our launch, we have achieved over 2,000,000 processed trips with more than 200,000 users, we bootstrapped until we achieved half a million trips and entered YC. Market Size: There are over 14,000 second-tier cities in LATAM, with more than 500 million people without any access to ride-sharing or technology platforms at all.
Market
Consumer
Location
Mexico City, CDMX, Mexico
Coinvestors
YCombinator

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