Progcap FY25 revenue jumps 93% to Rs 268 crore
23 Feb 2026, 04:35 PMThe company narrowed net loss by 87% during the period to Rs 6 crore.
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Fintech startup Progcap reported a 93% jump in revenue from operations to Rs 268 crore in the fiscal ended March 31, 2025 compared to Rs 139 crore in the previous financial year.
The company lowered net loss by 87% during the period to Rs 6 crore compared to Rs 46 crore in the year-ended March 2024, the Entrackr reported based on filings with the Registrar of Companies (RoC).
Total expenses increased 37% to Rs 279 crore in FY25 compared to Rs 203 crore in FY24. Employee benefit expenses stood at 45% of total costs.
The New Delhi-based fintech platform was founded in 2016 and provides access to collateral free working capital to semi-urban and rural retailers in India.
It has raised capital $111 million in 8 rounds from investors like Tiger Global, Peak XV Partners, Google, Creation Investments and GrowX Ventures.
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