India · Series C startup

Who invested in Progcap

2 rounds we have observed, with the 9 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

FintechLogisticsSupply Chain

Valuation: $600M, Oct 2024

Funding summaryUpdated 26 Oct 2026

$45Mraised across 2 rounds since 2019, from 2 sources

$5.0MSeries A$40MSeries C
Latest round
Series C, $40MJun 2022
Led by
Tiger Global Management and Creation Investments Capital Management, LLC
Step-upi
8×
Investors
9 (3 led)
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

202020212022
$5.0MSeries A$40MSeries C
First round
Series A, $5.0M
Jul 2019
Biggest round
$40M
Series C · Jun 2022
Between rounds
2.9 years
from the last two

The rounds

  1. Jun 2022
  2. Jul 2019
    Series A$5.0M5 new

    Reported by Inc42

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Everyone who backed them

Sequoia CapitalVC firm1round, led 1
Tiger Global ManagementVC firm1round, led 1
Peak XVVC firm1round
GoogleAccelerator1round
Nikesh AroraVC firm1round
GrowX Ventures Fundno record of our own yet1round
MV Nairno record of our own yet1round
Somak Ghoshno record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 2 firms list Progcap as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

Merak VenturesVC firmPer its own site
Whiteboard CapitalVC firmPer its own site

Quick answers about Progcap

Who invested in Progcap?

Progcap's investors include Sequoia Capital, Tiger Global Management, Creation Investments Capital Management, LLC, Peak XV and Google, and 4 more on record. Tiger Global Management led its latest round.

How much has Progcap raised?

Progcap has raised $45M across 2 rounds since 2019.

When did Progcap last raise?

Progcap's most recent round was a Series C of $40M in Jun 2022, led by Tiger Global Management.

What was Progcap's biggest round?

Its most recent round, $40M in Jun 2022, is also its largest on record.

Who backed Progcap first?

Progcap's first round on record, in Jul 2019, was backed by Sequoia Capital, Nikesh Arora and GrowX Ventures Fund and 2 others.

What stage is Progcap at?

Progcap's latest named round is a Series C, in Jun 2022.

Where is Progcap based?

Progcap is based in India.

Who led Progcap's rounds?

Sequoia Capital led the Series A in 2019; Tiger Global Management led the Series C in 2022.

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