Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News

Fintech Platform Propelld Makes $35 Mn to Boost Education Finance Biz

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

Education-focused fintech platform Propelld on Friday said it had raised $35 million in a Series B funding round led by WestBridge Capital.

Currently employing around 150, Propelld plans to add another 100-150 employees over the next year across technology, business development, and collections.

The startup was founded in 2017 by IIT Madras trio of Bibhu Prasad Das, Victor Senapaty and Brijesh Samantaray,

Propelld has tie-ups with over 550 educational institutes and is currently clocking an annual loan disbursal run rate of Rs 600 crore, it said in a statement.

“With the latest capital infusion, we will strive towards building better financial products for the educational ecosystem,” said Bibhu Prasad Das, Co-founder, CEO at Propelld.

Other investors in the new funding round were Stellaris Venture Partners and India Quotient.

With a strong foothold in the ed-tech, up-skilling, and job-focused market, Propelld said it plans to expand its operations in other education segments too.

The startup works with educational institutes to increase learners’ tuition fee affordability by providing customized loan products.

New funds will be utilized to further strengthen in-house tech and collection capabilities while introducing new financing products and building distribution capabilities across segments.

Join 10,000+ Fellow Readers

Get Techgenyz’s roundup delivered to your inbox curated with the most important for you that keeps you updated about the future tech, mobile, space, gaming, business and more.


Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic