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Progcap is a financial technology company which facilitates debt capital for underserved micro and small businesses. The company leverages its innovative Last Mile Retailer Finance solution to enable access to collateral-free loans to retailers. Its lending platform risk models small businesses using non-traditional ecosystem data, creating credit scores for customers that are currently left out by the traditional financial institutions. 

HQNew Delhi, IN

Latest Updates

Employees (est.) (Aug 2021)78(+4%)
Cybersecurity ratingAMore

Key People/Management at Progcap

Manu Rikhye

Manu Rikhye

Board Member
Himanshu Chandra

Himanshu Chandra

Co-Founder, Board Member
Somak Ghosh

Somak Ghosh

Board Member
Preetie Kohli

Preetie Kohli

Board Member
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Progcap Office Locations

Progcap has an office in New Delhi
New Delhi, IN (HQ)
252A, 4th Floor, Vijay Towers, Panchsheel Commercial Complex
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Progcap Financials and Metrics

Summary Metrics

Founding Date


Progcap total Funding

$6 m

Progcap latest funding size

$5 m

Time since last funding

2 years ago

Progcap investors

Progcap's latest funding round in July 2019 was reported to be $5 m. In total, Progcap has raised $6 m
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Progcap Cybersecurity Score

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Progcap Online and Social Media Presence

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Progcap News and Updates

India's Progcap raises $25 million

Progcap, the pioneer in corporate led last mile retailer financing solutions in India has raised $25 million equity capital as part of its Series B investment round led by Tiger Global and existing investor, Sequoia Capital India.

[Funding alert] Sequoia-backed fintech startup Progcap raises Rs 10 Cr in debt from Stride Ventures

Fintech startup Progcap aims to use the funding to increase its AUM and increase its penetration among retailers across the country.

Progcap Frequently Asked Questions

  • When was Progcap founded?

    Progcap was founded in 2016.

  • Who are Progcap key executives?

    Progcap's key executives are Manu Rikhye, Himanshu Chandra and Somak Ghosh.

  • How many employees does Progcap have?

    Progcap has 78 employees.

  • Who are Progcap competitors?

    Competitors of Progcap include Barchart, Intertech and Suade.

  • Where is Progcap headquarters?

    Progcap headquarters is located at 252A, 4th Floor, Vijay Towers, Panchsheel Commercial Complex, New Delhi.

  • Where are Progcap offices?

    Progcap has an office in New Delhi.

  • How many offices does Progcap have?

    Progcap has 1 office.