Propelld Raises $2.2 Million to Add Institutions and Students to Loans...

Financing

Propelld Raises $2.2 Million to Add Institutions and Students to Loans Platform

Jul 8, 2019

PROPEL FORWARD: Propelld, a Bangalore, India-based loans platform for students attending vocational training programs, has raised 150 million rupees (about USD $2.2 million) in a round from Stellaris Venture Partners and India Quotient. Participants include India Angel Network; Raghunandan G, the founder of TaxiForSure, and Ramakant Sharma, the founder of Livspace.

Founded in 2017, Propelld plans to use the money toward growing its base of institutions and students tenfold over the next 18 months, according to The Economic Times.

Other companies to receive funding for technology-based student loan services in recent years include College Ave, Splash Financial, Pillar, SoFi and CommonBond.

 

Trending

Get our email newsletterSign me up
Keep up to date with our email newsletterSign me up