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Progcap logo — Financing the Last Mile

Progcap

Financing the Last Mile

Founded 2016 India New Delhi, India 523 employees Series C Total: $8.11B Enterprise, Finance +2

General Information

Company Name Progcap
Founded Year 2016
Location India New Delhi, India
Employees 523
Industries Enterprise, Finance, Financial Services +1
Funding Stage Series C
Social

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About Progcap

Progcap is a mission-driven, inclusive financing technology firm based in India. The company's slogan, "Financing the Last Mile," encapsulates its goal of unleashing the transformational impact of millions of micro and small enterprises in the last mile. Progcap achieves this by providing affordable, customized finance and digitizing supply chains using a unique delivery model and a mix of technology. With a focus on under banked semi-urban and rural retailers in India, Progcap offers flexible, collateral-free working capital. Founded in 2016, Progcap operates in the enterprise, finance, financial services, and fintech sectors. The company recently secured a substantial INR4.00B Series C investment on 17 October 2022. This round of funding saw participation from prominent investors including growX ventures, Tiger Global Management, Creation Investments, Google, Peak XV Partners, Beams FinTech Fund, ZNL Growth, Sandeep Tandon, and 9Unicorns Accelerator Fund.

Business keywords: Microfinance, Supply Chain Finance, Credit Underwriting, Financial Inclusion, Digital Transformation, Working Capital Solutions, Non-traditional Credit Scoring, SME Financing, Ecosystem Data Analysis, Collateral-free Lending, Impact Investing, Technology-enabled Lending, Last Mile Finance, Rural Retailers

Services & Products

Credit Financing
Digital Platform
Financial Access
Supply Chain Financing
Business Management Solutions

Target Customers

Small and Medium Businesses (SMBs) Last Mile Retailers Retailers Industries Corporates Supply Partners

Funding Rounds & Investors (7)

View All
Funding Stage Amount Investors Lead Investors Date
Series C INR4.00B 8
growX ventures Creation Investments Google
growX ventures, Creation Investments +6
17 Oct 2022
Series C $40.00M 4
Venture Catalysts Creation Investments Google
Venture Catalysts, Creation Investments +2
27 Jun 2022
Series C INR2.21B 2
Creation Investments Peak XV Partners
Creation Investments, Peak XV Partners
04 Oct 2021
Series B INR1.85B 1
Peak XV Partners
Peak XV Partners
21 Jun 2021
Debt Financing $1.37M 1
Stride Ventures
Stride Ventures
08 Feb 2021
Series A $5.00M 4
growX ventures Peak XV Partners
growX ventures, Peak XV Partners +2
31 Jul 2019
Seed Round $1.00M 4
growX ventures Contrarian Drishti Partners
growX ventures, Contrarian Drishti Partners +2
30 Apr 2019

Progcap Alternatives & Competitors

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Progcap vs
Credit OK
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Progcap vs
Lnddo
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Progcap vs
Cladfy Inc. (Techstars '22)
Cladfy Inc. (Techstars '22) Kenya

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FAQ About Progcap

Financing the Last Mile
Progcap was founded in 2016.
Progcap is headquartered in New Delhi, India.
Progcap operates in Enterprise, Finance, Financial Services and Fintech. Its work centres on Microfinance, Supply Chain Finance, Credit Underwriting and Financial Inclusion. Its customers include Small and Medium Businesses (SMBs), Last Mile Retailers and Retailers.
Progcap has approximately 523 employees.
Progcap has completed 7 funding rounds, raising a total of $8.11B. The latest funding stage is Series C.
Progcap offers: Credit Financing, Digital Platform, Financial Access, Supply Chain Financing, Business Management Solutions.
Top alternatives and competitors to Progcap include Credit OK, Lnddo, Cladfy Inc. (Techstars '22), Oriente, Nvoicia | Growth Factor Technologies. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Progcap and Credit OK are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Progcap, https://bouncewatch.com/company/progcap, updated 15 February 2026. When citing, please name BounceWatch and link this page.

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