West Bridge Capital bets on 8-month old edu fintech firm Kuhoo
Summary
The eight-month-old startup, floated by former ICICI, HDFC Credila and InCred executive Prashant A Bhonsle, plans to use the fundraise to build tech and data science capacity and roll out product and distribution innovations. At Kuhoo, we combine our vast experience with advanced technology and data science to create risk and credit models,” Bhonsle said. Kuhoo competes with other players like Propelld, which recently secured $35 million (around Rs 262 crore) as a part of its Series B round from WestBridge Capital and Eduvanz, which lends to professionals who are looking to reskill and upskill. "During the last few decades, only a tiny percentage of the talented Indian students got a chance to pursue their dreams of higher education in the universities abroad. While that will continue to grow, the emerging world order and Indias economic growth offer students many career opportunities,” said Sumir Chadha, Co-Founder and Managing Director of West Bridge Capital Partners.