Education-focused lender Propelld to raise $31-M from WestBridge Capital, Stellaris

Bengaluru-based fintech startup Propelld , an education-focused lending platform, is to raise INR 260 crore (around USD 30.5 million) in its Series D round from existing investors WestBridge Capital (INR 240 crore) and Stellaris Venture Partners (INR 20 crore). The company is to allot 20,732 Series D compulsorily convertible preference shares (CCPS) at INR 1,25,408 each to the investors.Founded in 2019 by Bibhu Prasad Das, Victor Senapaty, and Brijesh Samantaray, Propelld provides education loan financing through 'Study Now, Pay Later' products and Income Sharing Agreements (ISA) via its NBFC arm. The company also offers collateral-free education financing options.