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 +1
Employees 523
Industries Enterprise, Finance, Financial Services +1
Funding Stage Series C
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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.

Taxonomy: 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 •••••• 8
Investor Investor Investor Investor Investor
•••• ••••
17 Oct 2022
Series C •••••• 4
Investor Investor Investor Investor
27 Jun 2022
Series C •••••• 2
Investor Investor
04 Oct 2021
Series B •••••• 1
Investor
21 Jun 2021
Debt Financing •••••• 1
Investor
08 Feb 2021

View All 7 Funding Rounds

Progcap Alternatives & Competitors

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Progcap vs
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Progcap vs
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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 the following industries: Enterprise, Finance, Financial Services, Fintech.
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 Cashalo, EDOMx Ltd, Covered Holdings, Finventory, Amartha Financial. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Progcap and Cashalo 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.

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