Progcap is a Delhi based fin-tech startup which provides debt to small and micro businesses in smaller cities and towns.

Basic Information

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. See more

Legal Name

:

Desiderata Impact Ventures Pvt Ltd

Headquarters

:

New Delhi, Delhi, India

Founding Date

:

2017

No. of Employees

:

21 to 40

Core Team

:
1.

Pallavi Shrivastava

Co-Founder & Director

2.

Himanshu Chandra

Co-Founder & Director

Funding

Total Funding

$6.0M

Investors

:

1.

Sequoia Capital India

2.

Axis Capital Partners

3.

Contrarian Drishti Partners

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