Propelled

An education-focused fintech platform Propelld has raised Rs. 262 Crore in Series B funding round led by WestBridge Capital along with the existing investors - Stellaris Venture Partners and India Quotient. It works with educational institutes to increase learners' tuition fee affordability by providing customized loan products through a fully digital loan journey. Founded in 2017 by IIT Madras trio of Bibhu Prasad Das, Victor Senapaty, and Brijesh Samantaray, Propelled has tie-ups with over 550 educational institutes and is currently clocking an annual loan disbursal run rate of Rs. 600 Cr. plans to grow the loan book rapidly in segments…