Tech Company Financing Transactions
Progcap Funding Round
Progcap, operating out of New Delhi, secured $40 million from Creation Investments, Sequoia India and Southeast Asia Venture Capital.
Transaction Overview
Company Name
Announced On
6/28/2022
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Series C
Investors
Creation Investments (Lead Investor) (Tyler Day)
Proceeds Purpose
We're delighted to invest once again behind the Progcap team as they expand their product offering and further serve last-mile retailers in India.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
C-3, Block C, Qutab Institutional
New Delhi, 110016
INDIA
New Delhi, 110016
INDIA
Phone
Website
Email Address
Overview
Founded in 2017, Progcap envisions broadening financial opportunities for micro, small and medium businesses in the last mile. Progcap is revolutionising the way financial access is delivered to underserved segments of the Indian retail economy, through specialized financing and technology products that empower small and medium businesses (SMBs) to progress without obstacles.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Technical Officer
Ashish Gupta
Co-Founder
Himanshu Chandra
Co-Founder
Pallavi Shrivastava
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