Progcap funding, investors and company details

Progcap is an emerging Financial Services - Fintech startup from New Delhi, working in the space of Progcap operates in the fintech industry, specifically supply chain finance and SMB lending.. Founded by Pallavi Shrivastava, Himanshu Chandra, Pranav Raj.

Company: DESIDERATA IMPACT VENTURES PRIVATE LIMITED
Sector: Financial Services - Fintech
Location: New Delhi
Founders: Pallavi Shrivastava, Himanshu Chandra, Pranav Raj
Total funding raised: ₹315.8 Cr

Company overview

Progcap (Desiderata Impact Ventures Private Limited) is a Gurgaon/New Delhi-based fintech founded in 2017, providing collateral-free working capital financing to last-mile retailers and SMBs across India.Progcap aims to revolutionize financial access for micro/small enterprises by digitizing supply chains, underwriting credit via technology, and providing affordable working capital to enable bulk inventory purchases, margin improvement, and growth for businesses excluded from formal finance. It seeks to impact 5M+ SMBs as a full-stack digital bank for India's $800B retail industry, emphasizing portfolio quality and capital efficiency.

Funding rounds

Latest round (Series C): $ 40.00 Mn (₹315.80 Cr.), 2022-06-28. Investors: Creation Investments, Tiger Global Management