Progcap
Progcap is a financial services company in New Delhi, India, founded in 2017. It has raised $71.0M across 3 rounds, most recently a $40.0M Series C in June 2022.
The fintech partner India turns to for progress
- Headquarters
- New Delhi
- Employees
- 201–500
- Founded
- 2017
- Business Model
- B2B
- Website
- progcap.com
- Total Funding
- $71.0M
- Last Round
- $40.0M Series CJun 2022
- Rounds
- 3
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 3 funding rounds and 3 investors for this company. The full record is or through the API.
About
Progcap (Desiderata Impact Ventures Private Limited) is a mission-driven fintech platform that unlocks financial access for micro and small enterprises at the last mile. Founded in 2017 by Pallavi Shrivastava, Himanshu Chandra, and Pranav Raj, Progcap uses proprietary underwriting technology and supply chain data to provide collateral-free working capital to over 1 million small retailers across India. The platform also offers digital tools for invoice management, account tracking, and online payments. Backed by Tiger Global, Peak XV, Creation Investments, and Google, Progcap has disbursed over ₹50,000 crore in cumulative credit.
Summary
It lists 201–500 employees. It has raised $71.0M in total across 3 rounds, most recently a $40.0M Series C round in Jun 2022. Investors include Tiger Global, Creation Investments and GrowX Ventures.
Tech & App Stack
6 technologies & apps tracked
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Funding History
Jun 2022
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Funding: Seed through Series C. Amounts, valuations, and investors where available.
Investors
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