https://techcrunch.com/2022/06/27/google-invests-progcap-india-working-capital-small-retailers/

Google has invested in Progcap, an Indian startup that provides working capital to small and medium-sized businesses, the firms said Tuesday, making a new push into a category that has attracted the attention of Facebook and Amazon in recent years.

The investment is part of a $40 million fresh funding Progcap has raised, it said. Creation Investments and Tiger Global led the five-year-old startup’s Series C financing round, which nearly tripled its valuation to $600 million since September last year. Existing backer Sequoia India and Southeast Asia also participated in the round, Progcap said.