Tiger Global and Sequoia Capital led a $25m Series B round in Progcap.

Investment companies Tiger Global and Sequoia Capital led a $25m Series B round in Progcap, a finTech start-up. The freshly raised funds will be used to enhance its services and presence across existing geographies. The capital will also be used to scale up the team, strengthen technology differentiation and diversify into new product offerings to fortify its vision of building a full stack digital platform for last mile retailers.