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Announced

Completed

Creation Investments led a $40m Series C funding round in Progcap.

Financials

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Transaction Value£32m
Consideration TypeCash
Capital Owned-
Capital Bid For7%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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FinTech

financial technology

India

Friendly

Cross Border

Private

Private Equity

Completed

Minority

Venture Capital

Acquisition

Synopsis

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Creation Investments, an alternative investment management company, led a $40m Series C funding round in Progcap, a pioneer in corporate-led financing solutions for small and mid-size businesses in India, with participation Tiger Global, Google and Sequoia Capital India. "Progcap's progress has been exceptional. We are pleased to invest in Progcap once again as the team expands its product offering to further serve retailers in India," Tyler Day, Creation Investments Partner.

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