Education-focused lending startup Propelld raises $25 million debt

Education-focused lending fintech startup Propelld has raised $25 million in debt for its wholly-owned non-banking financial company (NBFC) Edgro Finance. The debt was led by nine lenders, including Credit Saison India Private Limited, AU Small Finance Bank, InCred Financial Services Limited and Northern Arc Capital Limited. Prior to this, the startup raised $35 million in a Series B round.