Student loan fintech platform Kuhoo said it raised $20 million in a seed round from West Bridge Capital. Named after the sweet sound of the bird Cuckoo, Kuhoo is the brainchild of former ICICI, HDFC Credila, and InCred executive and banking veteran Prashant A Bhonsle.
The gap between the increasing cost of education and affordability has only widened, forcing students to give up on their dreams. Kuhoo intends to fill this gap and create products primarily based on their academic backgrounds, college, course rankings, and career prospects.
The startup aims to provide online loans to students aspiring to study in universities both in India and abroad. It claims to be the first student loan provider to offer products across various streams like engineering, MBA, executive education, online courses, coaching classes, and even new age courses.