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Roehl Niño Bautista · · 1 min readSequoia-backed Indian fintech firm bags $25m in round co-led by Tiger Global
India-based startup Progcap, which provides financing solutions for retail startups, has raised US$25 million in its latest round of funding.
More funding details:
- Lead investors: Tiger Global and Sequoia Capital India
- Stage: Series B
More company updates
- The fresh funds will be used to boost its services and expand the brand’s presence across existing geographies.
- Progcap will also scale up its team, strengthen technology differentiation, and diversify into new product offerings.
- In February, the company raised close to US$1.4 million in a round led by Sequoia Capital.
- Progcap provides last-mile financial opportunities to small and mid-sized businesses and aims to be a full-stack retailer-focused digital bank.
For more coverage of the company, head here. You can also view key details about the company, as well as its funding history below.
Editing by Collin Furtado and Jaclyn Tiu
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