Kuhoo has secured $20 million in a seed round. The startup will now form partnerships to provide credit to students.
Kuhoo, a Mumbai-based fintech startup focused on education, has secured $20 million from WestBridge Capital in a seed round.
The business is now trying to work with banks and non-banking finance institutions (NBFCs) as well as premier colleges in India to provide credit to students as a result of the funding.
Kuhoo, founded by Prashant A. Bhonsle, offers digital loans to students applying to Indian and international colleges.
Currently, the startup focuses on providing loans for higher education courses such as engineering, business administration, executive education, and online courses, among others.
Kuhoo competes with Propelld, which focuses on giving individual education loans, and Sequoia-backed Eduvanz, which lends to those wishing to reskill and upskill.
In February, Propelld raised $35 million in a Series B investment headed by WestBridge Capital.
With this, Kuhoo has become one of the companies that have secured $20 million or more in their seed round. Those companies include 10Club, Acko, CRED, INDmoney, and Jupiter