Announced
Completed
Financials
Sources
Tags
Venture Capital
Private Equity
India
FinTech
Cross Border
financial technology
Acquisition
Friendly
Private
Single Bidder
Minority
Completed
Synopsis
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.
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