This deck won Progcap $30m from Tiger Global, others

ABOUT

Progcap aims to provide credit for last-mile businesses using a mix of technology and alternative data-driven credit scoring. Founded in 2017 by Pallavi Shrivastava and Himanshu Chandra, the startup is aiming to hit US$1 billion in disbursals by March 2022.

The India-based fintech startup used this deck to secure series C funding in a round co-led by Tiger Global Management.

Fundraising journey

• April 2019: US$1 million of seed funding from GrowX Ventures
• July 2019: US$5 million from a series A round led by Sequoia Capital India, with participation from GrowX Ventures, Cibil chairman M. V. Nair, Freecharge co-founder Sandeep Tandon, and Yes Bank co-founder Somak Ghosh
• February 2021: US$1.4 million from a debt round led by Stride Ventures
• June 2021: US$25 million of series B funding led by Tiger Global Management and Sequoia Capital India
• October 2021: US$30 million of series C funding led by Tiger Global Management and Creation Investments, with participation from Sequoia Capital India

How is the deck compelling?

• Progcap’s deck begins by showing an executive summary describing its business focus.
• It shares more about India’s retail market and highlights marquee names that Progcap has worked with before going into the problem description and the solution that the company offers.
• The deck also talks about the technology behind the offering as well as the company’s growth. It concludes with its partnership with Cibil, a credit information company operating in India.

SOURCE

Deck: Progcap