Desiderata Impact Ventures Pvt. Ltd.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Desiderata Impact Ventures Pvt. Ltd. - overview
Established
2017
Location
New Delhi, -, India
Primary Industry
Financial Services
About
Established in 2017 and based in New Delhi, India, founded by Pallavi Shrivastava and Himanshu Chandra, Desiderata Impact Ventures Pvt. Ltd. trading under the name Progcap, operates as a financing firm that helps micro and small enterprises in growing their business by providing funds payable in a flexible term. In October 2022, Desiderata Impact Ventures Pvt.
Ltd. raised USD 50 million in series C funding co-led by investors Tiger Global Management and Creation Investments Capital Management, with participation from other investors GrowX Ventures, Sequoia Capital, 9Unicorns, Google Inc. , Venture Catalysts and ZNL Growth. The company’s prime focus is on retail financing and offers flexible, collateral-free working capital to underserved micro and small-scale businesses through its Last Mile Retailer Finance (LMRF) solution.
Propag provides an online platform and mobile application that enables clients to apply and submit documents, track their credit transactions, and make repayments. The firm also offers customizable finance and supply chain-based solutions for its customers. Propag’s lending platform scrutinizes businesses using non-traditional ecosystem data and offers a real-time credit scoring and loan disbursal option for its clients. The firm plans to utilize the October 2022 fund for expanding its service across the current geographies.
Propag also plans to broaden its product offerings and technologies and aims at hiring new talents to the company’s team.
Current Investors
GrowX Ventures, Sequoia Capital, Stride Ventures
Primary Industry
Financial Services
Sub Industries
e-Financial, Consumer Finance, Accounting/Finance Software
Website
www.progcap.com
Verticals
FinTech, Mobile Apps
Company Stage
Series C
Total Amount Raised
Subscriber access only
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.