Peak XV and Tiger Global-backed fintech firm Progcap nearly doubled its revenue in the fiscal year ended March 2025. During the same period, the company reduced its losses by 87%.
Progcap’s revenue from operations jumped 93% to Rs 268 crore in FY25 from Rs 139 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC).
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Progcap facilitates debt capital for underserved micro and small businesses. The fintech platform digitizes supply chains and facilitates access to finance for last-mile retailers. Revenue from…

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