{"id":1017357,"date":"2026-06-29T07:51:01","date_gmt":"2026-06-29T02:21:01","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1017357"},"modified":"2026-06-29T07:56:45","modified_gmt":"2026-06-29T02:26:45","slug":"progcap-looks-to-raise-45-million-equity-capital-in-fy28","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/06\/29\/progcap-looks-to-raise-45-million-equity-capital-in-fy28\/","title":{"rendered":"Progcap looks to raise $45 million equity capital in FY28"},"content":{"rendered":"<p>MSME fintech firm Progcap aims to raise up to $45 million (approximately Rs 425 crore) from share sales in FY28 to expand its lending business. <\/p>\n<p>&#8220;We are planning a capital raise through equity dilution next financial year,&#8221; Progcap cofounder Himanshu Chandra told PTI. <\/p>\n<p>It would be through private placement of shares, and the quantum could be in the range of $40-45 million, depending on the valuation, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MSME fintech firm Progcap aims to raise up to $45 million (approximately Rs 425 crore) from share sales in FY28 to expand its lending business. &#8220;We are planning a capital raise through equity dilution next financial year,&#8221; Progcap cofounder Himanshu Chandra told PTI. It would be through private placement of shares, and the quantum could be in the range of $40-45 million, depending on the valuation, he said.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1017357","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1017357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1017357"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1017357\/revisions"}],"predecessor-version":[{"id":1017364,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1017357\/revisions\/1017364"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1017357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1017357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1017357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}