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Progcap is a Delhi based fin-tech startup which provides debt to small and micro businesses in smaller cities and towns.
Progcap focuses on providing fast and flexible collateral-free working capital to retailers in Tier II, III, and IV areas, where retailers typically face challenges in accessing capital for their businesses. This last mile retailer finance solution has half of its customer base new to the credit ecosystem. Its lending platform does risk assessment of these businesses using non-traditional ecosystem data, creating credit scores for customers currently left out by traditional financial institutions. Progcap has been backed by the likes of GrowX Ventures and Sequoia Capital India.
Legal Name
:
Desiderata Impact Ventures Pvt Ltd
Headquarters
:
New Delhi, Delhi, India
Business Model
:
Founding Date
:
2017
No. of Employees
:
151 to 250
Core Team
:
1.
Pallavi Shrivastava
Co-Founder & Director
2.
Himanshu Chandra
Co-Founder & Director
Total Funding
$32.0M
Investors
:
1.
growX ventures
2.
Contrarian Drishti Partners
3.
Axis Capital Partners
4.
Tiger Global Management
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$50M
Series Name
:
SERIES-C
Date
:
17th Oct 2022
Investors
:
1.
Beams FinTech Fund
2.
ZNL Growth
3.
Tiger Global Management
4.
Sequoia Capital
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