Delhi-based technology-driven lending marketplace – Progcap has announced the appointment of Ashish Gupta as the Chief Product & Technology Officer. Backed by Sequoia Capital and Tiger Global Management, Progcap provides financing capital for underserved micro and small businesses in India.
An alumnus of IIT Delhi, Ashish Gupta has spearheaded several C-Level Tech roles with stints in PolicyBazaar.com, HealthKart, docprime, the most recent being the CTO for Max Bupa Health Insurance. Ashish joined ProgCap on 1st October and is based out of their headquarter in Delhi.
Speaking on the appointment, Pallavi Shrivastava, Co-Founder & Director, Progcap said, “We are thrilled to welcome Ashish to our team. His diverse experience will aid Progcap’s increased efforts at improving the integration of cutting-edge technology that will help propel our process efficiency and expand our scope into untapped markets. We are thankful to Purple Quarter for their methodical approach in finding us the ideal Tech Leader, suitable for our business scale and vision.”
The fintech platform has also announced that it has raised $30 million in Series C funding round. The round saw participation from existing investors including Tiger Global Management, Creation Investments and Sequoia Capital India.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.