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Progcap

Progcap

Private
New DelhiFinTechhttps://www.progcap.com/

Last Round

VC Round

Feb 17, 2026

Est. Valuation

$610M

Total Funding Raised

$202.37M

Company Overview

Progcap is a financial technology company that provides supply chain financing, digital credit, and business management solutions to micro, small, and medium enterprises.

Sector

FinTech

Verticals

Lending & Credit, Supply Chain, Credit Scoring, Workflow Automation

Business Model

B2B2C

Customer Profile

Services & Consulting, Subscription SaaS

AI Layer

Application

Keywords

supply chain financeworking capital loansMSME lendinglast-mile financingsupply chain digitizationB2B fintechcredit underwritingalternative lendingembedded financeSME creditdigital supply chaininventory financingtrade financemicro, small, and medium enterprisesMSMESaaS

Historical Pricing

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Caplight Momentum Score

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Progcap Comparables

Compare Progcap with similar companies based on industry and business-model similarity.

Progcap comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Mintifi
90%
Vayana Network
84%
KredX
81%

Progcap Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
VC RoundFeb 17, 2026
Series C ExtensionOct 17, 2022
Series C ExtensionJun 28, 2022
Series COct 4, 2021
Series BJun 21, 2021
Debt
Feb 9, 2021

Key People

Founding team and executive leadership

Kapil Dev

Chief Operating Officer

Executive Team

Progcap Investors

Notable investors and investment history

Progcap investors
InvestorRounds
Axis Capital Partners LimitedSeed
Mitsubishi UFJ Financial GroupVC Round
Contrarian Drishti PartnersSeed
Peak XV PartnersSeries C, Series C Extension, Series B, Series A
GrowX VenturesSeries C Extension, Seed
Stride VenturesDebt
Beams VC PartnersSeries C Extension, Series C

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jun 28, 2022

    $40M round with a $600M post-money valuation.

  • Oct 4, 2021

    $120M round led by Sequoia Capital and Creation Investments.

Progcap Filings

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Progcap filings preview — column headings only; records require access
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Frequently Asked Questions

Common questions about Progcap's valuation, stock price, and market status.

Is Progcap a public or private company?

Progcap is a private company.

What is the current stock price of Progcap?

Progcap is a private company with no public stock price. No recent secondary market data is available.

How much is Progcap worth (valuation)?

Progcap's valuation is estimated at $610.0M based on funding round data.

Can I buy Progcap stock?

Progcap shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.

When was Progcap's last funding round?

Progcap's most recent funding round was Series C Extension on October 17, 2022.

Who are the main investors in Progcap?

Key investors in Progcap include GrowX Ventures, Beams VC Partners, Sequoia Capital, Merak Ventures, Tiger Global Management.

Will Progcap IPO soon?

No public IPO plans have been announced for Progcap.

How can I track Progcap secondary market activity?

Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor Progcap's secondary market activity and sign up for updates.

Firmographic Details

HeadquartersNew Delhi
Employee Range422
Year Founded2017
Last FundingFeb 17, 2026

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