Google Backs Progcap Which Delivers Capital To Indian Retailers
The investment is part of a $40 million fresh funding Progcap has raised, it said. Google backs Progcap, a startup delivering working capital to small retailers in India Manish Singh 9 months Google has invested in Progcap, an Indian startup that provides working capital to small and medium-sized businesses, the firms said Tuesday, making a new push into a category that has attracted.
Progcap, a startup that facilitates debt capital for micro and small businesses, scooped up $70 Mn in Series C round across two tranches.. growing by 4 times year on year on the back of very strong unit economics. Progcap's improved unit economics was also evident from its FY21 financial performance where it narrowed down losses by 25.4%. New investor Google and existing backer Sequoia Capital India also participated in the round. The latest raise brings Progcap's total series C funding to US$70 million and puts its valuation at.
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Progcap seems to be a good choice for an investment. Founded in 2017 by Shrivastava and Himanshu Chandra, the startup currently provides collateral-free working capital to over 700,000 SMBs.
Google has invested in Progcap, an Indian startup that provides working capital to small and medium-sized businesses, the firms said Tuesday, making a new push into a category that has attracted the attention of Facebook and Amazon in recent years. The investment is part of a $40 million fresh funding Progcap has raised, it said. Creation Investments and Tiger Global led the 5-year-old startup.
Google has invested in Progcap, an Indian startup that provides working capital to small and medium-sized businesses, the firms said Tuesday, making a new push…
Google has invested in Progcap, an Indian startup that gives working capital to small and medium-sized companies, the corporations mentioned Tuesday, making a brand new push right into a class that has attracted the eye of Fb and Amazon lately. The funding is a part of a $40 million recent funding Progcap has raised, it mentioned.
In the last three years our retailers were dependent heavily on their own working capital and CC accounts backed by their own securities. With Progcap coming in , our retailers could get channel finance based on their transaction history with us.. Google backs Progcap, a startup delivering working capital to small retailers in India. Read.
Google has put money into Progcap, an Indian startup that helps small and medium-sized businesses get working capital, the two companies announced on Tuesday. This is Google's latest move into an area that Facebook and Amazon have been interested in for the past few years.
Google has invested in Progcap, an Indian startup that provides working capital to small and medium-sized businesses, the firms said Tuesday, making a new push into a category that has attracted the attention of Facebook and Amazon in recent years. The investment is part of a $40 million fresh funding Progcap has raised, it said.
Google backs Progcap, a startup delivering working capital to small retailers in India - StartupLanes.com
Google has invested in Progcap, an Indian startup that gives working capital to small and medium-sized companies, the companies stated on Tuesday, taking a brand new step in a class that has captured the eye of Facebook and Amazon lately. - Advertisement - The funding is a part of Progcap's new $40 million funding, the discharge stated.
Buyers, Inc. After an off-year in 2020, buybacks are back. With a vengeance. Alphabet yesterday evening announced it will earmark a mammoth $50 billion to snatch up more shares. For the search.
And counting! Major benefits of Progcap OneApp:-. Loan Application: You can apply for working capital loans through the Progcap One-App. Quick, collateral-free and convenient access to capital. Loan Management: You can manage your loans through the app, including viewing loan details, repayment schedules, and making payments.
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