Bottomline: Non-cash expenses keep Progcap in red; AUM rises in FY25
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Bottomline: Non-cash expenses keep Progcap in red; AUM rises in FY25

By Ajay Ramanathan

  • 19 Jun 2025
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Bottomline: Non-cash expenses keep Progcap in red; AUM rises in FY25
Pallavi Shrivastava, co-founder, ProgCap

Progcap, backed by marquee investors such as Tiger Global, Peak XV Partners, and Google, remained in the red in FY25 due to high non-cash expenses, even as its assets under management (AUM) continued to grow steadily. According to provisional documents accessed by VCCircle, the fintech firm is estimated to have posted ......

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