About Us

Our Journey

2021

2022

2025

2024

2023

Won Innovative Product of the year within a year of inception at global SME Finance Forum

2016 Ideation

2017 Founding

Raised $5M

2020

Himanshu Chandra identified MSME finance gaps during his time at Standard Chartered. Pallavi Shrivastava's World Bank/IFC work revealed credit barriers for last-mile businesses.

Pallavi Shrivastava and Himanshu Chandra founded Progcap to bridge India’s $520Bn MSME credit gap.

Early Growth & Product Development

Led by Sequoia India, GrowX Ventures and others

Market Penetration & Scaling Integrated with large corporate &

Raised $25M Series B from

Fortun 500
Brands

Series B & Expansion

Series C & National Reach

On Route to Becoming a Full-Stack Digital Bank

Recognition, Inclusion & Continued Scale

Announced plans for India’s first full-stack digital bank for retailers

Expanded Ledaership team with industry leaders

Secured 80%+ market share in white goods, FMCG, and mobile tech

From Product innovation with an year of inception to winning SME Financier of the year award south asia at Global SME Finance forum

Received multiple domestic and international awards for innovation and impact

Launched flagship initaitive of face to face dialogue model "Samavaad" for its customers

Introduced ProgComm, a B2B SaaS product enhancing supply chain efficiency

Progfin ( Progcap NBFC arm ) got listed in BSE & NSE

Acquired a Factoring License to enable diversified credit offerings

Launched ProgShakti-a women-led, innovative loan without co-applicant required

Progcap got featured in "Bharat Fintech Story" amongst the top 10 fintechs in country at JIO Hotstar

Google joined hands with Progcap as an investor

led by Tiger Global, Creation Investment, and Google

Valued at $600M; expanded to

Raised $70M in two tranches

Secured its own
NBFC License

500 cities and 800K+ retailers

Progcap turned profitable

Series A

Pioneered Fast Rotation Credit Line

Progressing toward becoming a leading industry voice for MSMEs

How it started

How's it going

Who We are?

Progcap is revolutionising the way financial access is delivered to underserved segments of the Indian retail economy.

We are a mission-driven company that provides collateral-free, customised credit solutions to retailers in Tier 2, Tier 3, and beyond. With cutting-edge technology, deep data analytics, and a strong partner ecosystem, we help small retailers unlock their growth potential.

We are trusted by thousands of retailers across the country.

Our Vision

To be the operating engine for India’s retailer–distributor ecosystem.

We aim to enable millions of businesses to thrive through an integrated suite of finance and technology solutions, powered by data, driven by insight, and built with a human-centric approach.

Our Mission

To drive progress by enabling seamless access to capital.

We empower retailers and distributors with flexible, affordable, and tech-led credit solutions ensuring no business is limited by working capital constraints.

Our Journey

2016

Ideation

2018–2019

Series A, Early Growth and Product Development

Himanshu identified MSME finance gaps during his time at Standard Chartered. Pallavi's World Bank/IFC work revealed credit barriers for last-mile businesses.

Won Innovative Product of the year within a year of inception at global SME Finance Forum

Raised $5M Series A led by Sequoia India, GrowX Ventures and others

Pioneered Fast Rotation Credit Line

Pallavi and Himanshu founded Progcap to bridge India’s $520Bn MSME credit gap.

2017

Founding

2016

Ideation

2018–2019

Series A, Early Growth and Product Development

Himanshu identified MSME finance gaps during his time at Standard Chartered. Pallavi's World Bank/IFC work revealed credit barriers for last-mile businesses.

Won Innovative Product of the year within a year of inception at global SME Finance Forum

Raised $5M Series A led by Sequoia India, GrowX Ventures and others

Pioneered Fast Rotation Credit Line

Pallavi and Himanshu founded Progcap to bridge India’s $520Bn MSME credit gap.

2017

Founding

2016

Ideation

2018–2019

Series A, Early Growth and Product Development

Himanshu identified MSME finance gaps during his time at Standard Chartered. Pallavi's World Bank/IFC work revealed credit barriers for last-mile businesses.

Won Innovative Product of the year within a year of inception at global SME Finance Forum

Raised $5M Series A led by Sequoia India, GrowX Ventures and others

Pioneered Fast Rotation Credit Line

Pallavi and Himanshu founded Progcap to bridge India’s $520Bn MSME credit gap.

2017

Founding

2016

Ideation

2018–2019

Series A, Early Growth and Product Development

Himanshu identified MSME finance gaps during his time at Standard Chartered. Pallavi's World Bank/IFC work revealed credit barriers for last-mile businesses.

Won Innovative Product of the year within a year of inception at global SME Finance Forum

Raised $5M Series A led by Sequoia India, GrowX Ventures and others

Pioneered Fast Rotation Credit Line

Pallavi and Himanshu founded Progcap to bridge India’s $520Bn MSME credit gap.

2017

Founding

2016
Ideation

Himanshu identified MSME finance gaps during his time at Standard Chartered. Pallavi's World Bank/IFC work revealed credit barriers for last-mile businesses.

2018

2019

Won Innovative Product of the year within a year of inception at global SME Finance Forum

Raised $5M

Led by Sequoia India, GrowX Ventures and others

Pioneered Fast Rotation Credit Line

2017

Founding

Pallavi and Himanshu founded Progcap to bridge India’s $520Bn MSME credit gap.

2021

2022

2025

2024

2023

Won Innovative Product of the year within a year of inception at global SME Finance Forum

2016 Ideation

2017 Founding

Raised $5M

2020

Himanshu identified MSME finance gaps during his time at Standard Chartered. Pallavi's World Bank/IFC work revealed credit barriers for last-mile businesses.

Pallavi and Himanshu founded Progcap to bridge India’s $520Bn MSME credit gap.

Early Growth & Product Development

Led by Sequoia India, GrowX Ventures and others

Market Penetration & Scaling Integrated with large corporate &

Raised $25M Series B from

Fortun 500
Brands

Series B & Expansion

Series C & National Reach

On Route to Becoming a Full-Stack Digital Bank

Recognition, Inclusion & Continued Scale

Announced plans for India’s first full-stack digital bank for retailers

Expanded Ledaership team with industry leaders

Secured 80%+ market share in white goods, FMCG, and mobile tech

From Product innovation with an year of inception to winning SME Financier of the year award south asia at Global SME Finance forum

Received multiple domestic and international awards for innovation and impact

Launched flagship initaitive of face to face dialogue model "Samavaad" for its customers

Introduced ProgComm, a B2B SaaS product enhancing supply chain efficiency

Progfin ( Progcap NBFC arm ) got listed in BSE & NSE

Acquired a Factoring License to enable diversified credit offerings

Launched ProgShakti-a women-led, innovative loan without co-applicant required

Progcap got featured in "Bharat Fintech Story" amongst the top 10 fintechs in country at JIO Hotstar

Google joined hands with Progcap as an investor

led by Tiger Global, Creation Investment, and Google

Valued at $600M; expanded to

Raised $70M in two tranches

Secured its own
NBFC License

500 cities and 800K+ retailers

Progcap turned profitable

Series A

Pioneered Fast Rotation Credit Line

Progressing toward becoming a leading industry voice for MSMEs

How it started

How's it going

Who We are?

Our Vision

Our Mission

40

K+ Cr

10

K+

150

+

15

+

8

Lac+

Our Journey

Our Founding Team

Pallavi Shrivastava

Himanshu Chandra

Our Leadership Team

Ajay

Kala

Vijay Dhingra

Ashish Gupta

Rahul

Khandelwal

Kapil

Dev

Vishal

Wali

Rohit

Sainani

Accolades

Advisory Board

Ashish

Agarwal

Tyler

Day

Manu

Rikhye

Alex Cook

Amit Jain

M V

Nair

Ashish

Kumar Singh

Gandhi

R

Manu Rikhye

Alex Cook

Amit Jain

Nikhil

Sahni

Preetie

Kohli

Gandhi R

Manu Rikhye

Alex Cook

Amit Jain

Our Backers

Useful Links

Partner

Follow us on

Desiderata Impact Ventures Private Limited

Grievance Redressal Officer

Scaling

small businesses

Who We are?

Our Vision

Our Mission

40

K+ Cr

10

K+

150

+

15

+

8

Lac+

Our Journey

2016

2016
Ideation