Propelld
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Propelld - overview
Established
2017
Location
Bangalore, Karnataka, India
Primary Industry
Financial Services
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.
Current Investors
Moonbeam Capital Managers, Indian Angel Network, AMJ Capital
Primary Industry
Financial Services
Sub Industries
Consumer Finance, e-Financial, Accounting/Finance Software
Website
www.propelld.com
Verticals
EdTech, FinTech, FinTech
Company Stage
Series D
Total Amount Raised
Subscriber access only
Propelld - financials
| Fiscal Year Ended | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | 332,666 | 1,692,367 | 6,845,064 | 49,259,650 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | 408.7% | 304.5% | 619.6% | - | - | - |
| EBITDA (USD) | (28,000) | (344,670) | (1,788,135) | (8,672,278) | (27,234,032) | (32,871,591) | - | - | - |
| Operating Income (USD) | (28,000) | (344,670) | (1,788,135) | (8,674,605) | (27,424,178) | (33,090,512) | - | - | - |
| Operating Margin | - | - | (537.5%) | (512.6%) | (400.6%) | (67.2%) | - | - | - |
| % EBITDA Margin | - | - | (537.5%) | (512.4%) | (397.9%) | (66.7%) | - | - | - |
| NET Income (USD) | (28,000) | (347,775) | (2,121,205) | (8,793,377) | (27,522,332) | (30,853,721) | - | - | - |
| % Net Margin | - | - | (637.6%) | (519.6%) | (402.1%) | (62.6%) | - | - | - |
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