# Propelld

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/propelld

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.propelld.com
- Total disclosed funding: $67M
- Latest round: Series D (May 8, 2025)
- Investors on record: 10

## About

Bluebear Technology Pvt. Ltd. Doing business as Propelld specializes in providing financial solutions to enhance access to education through innovative private student loans tailored for learners in India.Founded in 2017, Bluebear Technology Pvt. Ltd., headquartered in Bangalore, India, focuses on educational financing. The company was co-founded by Bibhu D, Brijesh Samantaray, and Victor Senapaty. In May 2025, Propelld raised USD 30.76 million in Series D from returning investors led by WestBridge Capital with participation from Stellaris Venture Partners. Bluebear Technology's Propelld offers innovative financial products designed to facilitate access to education through customized, no-collateral loans for students in India. Their loan structure allows students to make smaller EMIs during their studies, deferring full repayment until post-employment, while assessing applicants on potential rather than traditional credit scores.In the most recent year, 2022, Bluebear Technology generated revenue of USD 4,275,593.80, with an EBITDA of USD -804,455.20, indicating ongoing investments towards growth and operational adjustments.

## Funding rounds

- Series D, May 8, 2025, $31M — WestBridge Capital, Stellaris Venture Partners
- Series B, Feb 18, 2022, $35M — WestBridge Capital Partners, India Quotient, Stellaris Venture Partners
- Series B, Nov 27, 2020, $1.4M — Indian Angel Network, India Quotient, Stellaris Venture Partners, Survam Partners
- Seed, Feb 12, 2018, $0.3M — Moonbeam Capital Managers, Indian Angel Network, AMJ Capital, Sparrow Tech Private Limited, Rainmaking

## Investors

- Moonbeam Capital Managers — Seed
- Indian Angel Network (https://capitalatlas.ai/funds/indian-angel-network) — Seed, Series B
- AMJ Capital — Seed
- Sparrow Tech Private Limited — Seed
- Rainmaking (https://capitalatlas.ai/funds/rainmaking) — Seed
- India Quotient (https://capitalatlas.ai/funds/india-quotient) — Series B
- Stellaris Venture Partners (https://capitalatlas.ai/funds/stellaris-venture-partners) — Series B, Series D
- Survam Partners — Series B
- WestBridge Capital Partners (https://capitalatlas.ai/funds/westbridge-capital-partners) — Series B
- WestBridge Capital — Series D