Progcap secures $40 Mn funding to offer financing solutions to small businesses


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Corporate retail financing startup Progcap has raised $40 Mn in its follow-on Series C funding round. The round was co-led by Creation Investments and Tiger Global Management. Google participated in the investment round as a new investor while Progcap’s existing investor Sequoia Capital India also took part. Progcap will use the funds to expand business and accelerate product development.