Propelld raises $35 mn in Series-B funding led by WestBridge Capital

Propelld has tie-ups with over 550 educational institutes and is currently clocking an annual loan disbursal run rate of Rs 600 cr.

Propelld, an education focused fintech platform has raised $35 million in Series B funding round led by WestBridge Capital along with existing investors - Stellaris Venture Partners and India Quotient.

With the current funding round, Propelld plans to grow the loan book rapidly in a segment with low credit penetration, and offer new products for various verticals within education. Currently employing around 150, Propelld plans to add another 100-150 employees over the next year across technology, business development and collections.

Bibhu Prasad Das, co-founder, CEO at Propelld, said, “We would like to thank all our institute and lending partners who