New Delhi-based fintech startup Progcap has secured $5 million in Series A funding, led by Sequoia India. The round also saw participation from Credit Information Bureau (India) Ltd (CIBBIL) Chairman M.V. Nair, Whiteboard Capital partner Sandeep Tandon and existing investors GrowX Ventures Fund and Somak Ghosh. The capital infusion will help them strengthen operations, build on their technological differentiation, and accelerate the pace of their pan-India expansion.
Progcap secures Series A investment of $5 million led by Sequoia India
Date posted: Thursday 1 August 2019