Progcap - About the company
Progcap is a series C company based in Delhi (India), founded in 2017 by Pallavi Shrivastava, Himanshu Chandra and Pranav Raj. It operates as a Provider of financial and technology solutions for small and medium businesses. Progcap has raised $111M in funding from investors like Peak XV Partners, Tiger Global Management and Creation Investments, with a current valuation of $*****. The company has 540 active competitors, including 94 funded and 27 that have exited. Its top competitors include companies like InCred, Yubi and Bizongo.
Company Details
Provider of financial and technology solutions for small and medium businesses. The company focuses on digitizing supply chains and facilitating financial access for retailers. It facilitates credit, payments, and business management services. The company aims to revolutionize financial access to underserved segments of the retail economy.
- Website
- www.progcap.com/
- Social
- Email ID
- *****@progcap.com
- Phone Number
- +91 **********
- Registered Address
- 1st Floor, C-3, Qutab Institutional Area, Katwaria Sarai, New Delhi, New Delhi, Delhi, India, 110016
Legal entities associated with Progcap
Progcap is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
DESIDERATA IMPACT VENTURES PRIVATE LIMITED CIN: U74999DL2017PTC310632 , India, Active | Jan 16, 2017 | $32.9M (As on Mar 31, 2025) | 68 (As on Mar 01, 2026) | |
PROGCASH FINANCE SERVICES PRIVATE LIMITED CIN: U65990DL2021PTC382979 , India, Strike off | Jun 30, 2021 | $0 (As on Mar 31, 2024) | - | |
Progcap Financial Services Private Limited CIN: U74110DL2019PTC350878 , India, Active | Jun 03, 2019 | $15.9K (As on Mar 31, 2025) | 91 (As on Aug 31, 2025) |
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Progcap's funding and investors
Progcap has raised a total funding of $111M over 8 rounds. Its first funding round was on Aug 30, 2018. Its latest funding round was a Series C round on Jun 27, 2022 for $*****. 11 investors participated in its latest round. Progcap has 17 institutional investors and 12 angel investors.
Here is the list of recent funding rounds of Progcap:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 27, 2022 | 9128381 | Series C | 8097137 | 4480671 | 2814506 | 8365561 |
Oct 04, 2021 | 3468026 | Series C | 6122353 | 9072929 | 5102070 | 7452884 |
Jun 22, 2021 | 9919853 | Series B | 6090716 | 9129976 | 4872836 |
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Progcap's founders and board of directors
Founder? Claim ProfileHere are the details of Progcap's key team members:
- Pallavi Shrivastava: Co-Founder of Progcap. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 1 email address
- Himanshu Chandra: Co-Founder of Progcap. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Pranav Raj: AVP - Strategy, Investor Relations & Founders' Office of Progcap.
Progcap's Board of Directors
Progcap's board has 3 active members. Pallavi Shrivastava and Himanshu Chandra are part of team and Preetie Kohli is independent board member.Here is the list of Progcap's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
pvxiyqj | Team | - | Past | 3y 8m |
pbvhqba | Team | - | Past | 1y 5m |
Investor | - | Current | 1y 9m | |
qpkyqwh | Investor | gttasum | Past | 4y 9m |
Independent board member | - | Current | - |
View details of Progcap's Founder profiles and Board Members
Progcap's employee count trend
Progcap has 91 employees as of Aug 25. The total employee count is 6.0% lower than what it was in Aug 24. Here is Progcap's employee count trend over the years:
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Progcap's Competitors and alternates
Top competitors of Progcap include InCred, Yubi and Bizongo. Here is the list of Top 10 competitors of Progcap, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of financial services specializing in personal, education, and business loans | $320M | 81/100 | ||
2nd | Online marketplace for business loans | $241M | 79/100 | ||
3rd | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | $256M | 77/100 | ||
4th | L & T Finance Holdings 1994, Mumbai (India), Public | Diversified lending NBFI | - | 76/100 | |
5th | Provider of loan products and services for small and medium businesses | $90.8M | 76/100 | ||
6th | Money View 2014, Bengaluru (India), Series E | Provider of loans, credit cards, gold investment, insurance, and UPI | $220M | 76/100 | |
7th | FlexiLoans 2016, Mumbai (India), Acquired | Provider of business loans and related financial products for MSMEs | $97.3M | 74/100 | |
8th | Provider of financial services focused on livelihood advancement for underserved communities | $79.7M | 74/100 | ||
9th |  Funding Societies 2015, Singapore (Singapore), Series D | Digital platform providing financing solutions for small businesses | $242M | 74/100 | |
10th | Tata Capital 2007, Mumbai (India), Public | Diversified non-banking financial company | - | - | 74/100 |
39th | Provider of financial and technology solutions for small and medium businesses | $111M | 63/100 |
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Progcap's Latest cap tables and shareholding
Founders own 21.86%, Funds (largest shareholder) own 68.90%, Enterprises own 2.01% and Angels own 2.11%. The net worth of Progcap's founders is INR 1,010Cr as of Oct 12, 2022.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 21.86% | 1,010Cr | 1625862 | 7877415 | 8528202 | 9989476 |
7234710 | 2832296 | 2381370 | 7265166 | 1533596 | 9814294 | |
4247022 | 6540804 | 9701609 | 1707723 | 3206355 | 7055327 | |
Fund | 68.90% | 3,190Cr | 2387903 | 3904694 | 7515890 | 7471908 |
7629785 | 3816152 | 5283793 | 9533434 | 2176182 | 6168229 | |
2331668 | 7439595 | 8004983 | 5229636 | 2307111 | 9259158 | |
Enterprise | 2.01% | 93Cr | 67 | 70 | 84 | 20 |
Angel | 2.11% | 97.6Cr | 53 | 82 | 82 | 14 |
Other People | 0.25% | 11.6Cr | 0 | 0 | 0 | 0 |
ESOP Pool | 4.87% | 226Cr | 8021 | 8565 | 2578 | 2927 |
Total | 100.00% | 4,630Cr | 2657071 | 2699454 | 1083798 | 8578554 |
To unlock detailed Cap Table of Progcap Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Progcap's Shareholding
Progcap's Investments and acquisitions
Progcap has made no investments or acquisitions yet.
Reports related to Progcap
Here is the latest report on Progcap's sector:
News related to Progcap
Filter this listMedia has covered Progcap for a total of 17 events in the last 1 year, 5 of them have been about company updates and 1 about people movement.
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Progcap Facilitates Credit for Women Entrepreneurs Via ProgShakti InitiativeThe Hindu•Mar 12, 2026•Progcap
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Mergers and Acquisitions (M&A): ProCap Financial (NASDAQ: BRR) to Acquire CFO Silvia, Incintelligence360•Feb 27, 2026•Progcap, CFO Silvia
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Progcap in talks for $100 million funding round, likely to be led by TPGThe Economic Times•Feb 17, 2026•Progcap, TPG, MUFG, Peak XV Partners
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Fast&Up attracts interest from VC firms for its ongoing $70 mn roundLivemint•Feb 16, 2026•Fastandup, Elev8, Venturi Partners, Progcap
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Retail Investor Advocate Eric Jackson Joins ProCap Financial BoardGlobeNewswire•Oct 21, 2025•Progcap
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Tiger Global-backed Progcap kicks off FY26 with profitable quarter; AUM shrinksVCCircle•Sep 01, 2025•Progcap
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