Propelld, a Bengaluru-based education-focused fintech platform, has raised $35 million in a Series B funding round led by WestBridge Capital, along with existing investors Stellaris Venture Partners and India Quotient.
With the current funding round, Propelld said it 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, the startup plans to add another 100-150 employees over the next year across technology, business development and collections.