# Progcap funding: rounds and investors

> Progcap has raised $45M across 2 rounds since 2019. Investors include Sequoia Capital, Tiger Global Management and Creation Investments Capital Management, LLC.

Source: https://millionrounds.com/company/progcap (Millionrounds; every figure on the page links to its filing or article)

India · [Series C startup](https://millionrounds.com/companies)

# 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.

Fintech Logistics Supply Chain

Valuation: $600M, Oct 2024

Funding summary Updated 26 Oct 2026

**$45M** raised across 2 rounds since 2019, from 2 sources

**$5.0M** Series A **$40M** Series C

- **Latest round:** Series C, $40M Jun 2022
- **Led by:** Tiger Global Management and Creation Investments Capital Management, LLC
- **Step-up i:** 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.

2020 2021 2022

**$5.0M** Series A

**$40M** Series C

- **First round:** Series A, $5.0M
- **Biggest round:** $40M
- **Between rounds:** 2.9 years

## The rounds

- **Jun 2022** Series C **$40M** *4 new* [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) Lead [Creation Investments Capital Management, LLC](https://millionrounds.com/fund/creation-investments) Lead [Peak XV](https://millionrounds.com/fund/peak-xv) [Google](https://millionrounds.com/fund/google-assistant-investments) Reported by Firms' own news pages
- **Jul 2019** Series A **$5.0M** *5 new* [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) Lead [Nikesh Arora](https://millionrounds.com/fund/nikesh-arora) GrowX Ventures Fund MV Nair Somak Ghosh 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.

**Series A** 2019 **Series C** 2022 [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) L [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) L [Creation Investments Capital Management, LLC](https://millionrounds.com/fund/creation-investments) L [Peak XV](https://millionrounds.com/fund/peak-xv) [Google](https://millionrounds.com/fund/google-assistant-investments) [Nikesh Arora](https://millionrounds.com/fund/nikesh-arora) GrowX Ventures Fund MV Nair Somak Ghosh

## Everyone who backed them

[Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) VC firm **1** round, led 1

[Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) VC firm **1** round, led 1

[Creation Investments Capital Management, LLC](https://millionrounds.com/fund/creation-investments) Private credit **1** round, led 1

[Peak XV](https://millionrounds.com/fund/peak-xv) VC firm **1** round

[Google](https://millionrounds.com/fund/google-assistant-investments) Accelerator **1** round

[Nikesh Arora](https://millionrounds.com/fund/nikesh-arora) VC firm **1** round

GrowX Ventures Fund no record of our own yet **1** round

MV Nair no record of our own yet **1** round

Somak Ghosh no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=progcap).

## 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 Ventures](https://millionrounds.com/fund/merak-ventures) VC firm Per its own site

[Whiteboard Capital](https://millionrounds.com/fund/whiteboard-capital) VC firm Per 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.

## Companies like Progcap

In the same sector, and raised in the last eighteen months.

[**RocketPay** $1.1M · Oct 2026](https://millionrounds.com/company/rocketpay)[**Scimplify** $65M · Oct 2026](https://millionrounds.com/company/scimplify)[**GreenCell Mobility** $124M · Oct 2026](https://millionrounds.com/company/greencell-mobility)[**NeoGrowth** $99M · Oct 2026](https://millionrounds.com/company/neogrowth)[**StockGro** $28M · Oct 2026](https://millionrounds.com/company/stockgro)[**Jeeves** $210M · Sept 2026](https://millionrounds.com/company/jeeves)

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