Progcap: Funding, Investors & Team (Aug 2026)
Progcap is a monetary help organization that gives monetary open doors to miniature and independent ventures. It likewise utilizes a blend of innovation and its remarkable conveyance model to guarantee credit and subsequently give the underbanked semi-metropolitan and provincial retailers in India admittance to adaptable, security free working capital. The organization likewise offers money and production network based answers for miniature and little ventures. The loaning stage risk models these organizations utilizing modern environment information making FICO assessments for clients. The organization's central goal is to enable these clients by giving them reasonable and convenient credit utilizing top notch innovation. Progcap was established in 2017 and is settled in New Delhi, Delhi, India.
Progcap has raised $88.6M across 2 funding rounds on record, the most recent a Series C of $48.6M announced in Oct 2022.
That round is above the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Progcap Company Profile and Key Stats
Latest funding round on record: Oct 2022.
Progcap Funding Rounds
Progcap raised $40.0M in a Series C announced in Jun 2022.
4 months later, a Series C of $48.6M was announced in Oct 2022.
Progcap Founders and Leadership Team
Contact details for the Progcap team: 1 of 2 have an email address on file.
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Progcap's latest round of $48.6M is above the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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Progcap Funding FAQs
What does Progcap do?
Progcap is a monetary help organization that gives monetary open doors to miniature and independent ventures. It likewise utilizes a blend of innovation and its remarkable conveyance model to guarantee credit and subsequently give the underbanked semi-metropolitan and provincial retailers in India admittance to adaptable, security free working capital. The organization likewise offers money and production network based answers for miniature and little ventures. The loaning stage risk models these organizations utilizing modern environment information making FICO assessments for clients. The organization's central goal is to enable these clients by giving them reasonable and convenient credit utilizing top notch innovation. Progcap was established in 2017 and is settled in New Delhi, Delhi, India.
How much funding has Progcap raised?
Progcap has raised $88.6M across 2 rounds on record. The most recent is a Series C of $48.6M announced in Oct 2022.
When did Progcap last raise funding?
Progcap's most recent funding round on record is a Series C of $48.6M, announced in Oct 2022.
Who founded Progcap?
FundedIQ lists Himanshu Chandra (Founder), Pallavi Shrivastava (Founder) at Progcap.
Where is Progcap headquartered?
Progcap is based in New Delhi, Delhi, India.
How many employees does Progcap have?
Progcap is in the 101-250 employee band.
How does Progcap's funding compare to other Financial Services startups?
Progcap's latest round of $48.6M is above the $14M median round size for Financial Services companies on FundedIQ across 5,745 tracked companies over the last two years.
About FundedIQ's Progcap Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Progcap is left off this page rather than filled in.
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