Progcap gets $25 million from Tiger Global, Sequoia Capital India

Mumbai: Progcap, a fintech startup focused on retail financing, has raised $25 million in a Series B funding round led by Tiger Global and existing investor Sequoia Capital India at an undisclosed valuation.

The newly infused equity capital will be used by the startup to expand its team and diversify its product offerings, according to a statement released on Monday.