Mumbai-based Kuhoo offers educational loans starting Rs 50,000 to up to Rs 2 crore for undergraduate and postgraduate courses. It also gives loans for executive education and upskilling programmes. The lending firm, which competes with the likes of Incred Finance, Eduvanz and Leap Finance, had raised $20 million seed round from WestBridge Capital, as part of its first institutional funding back in March 2022. The company plans to introduce a suite of new loan products needed by various academic streams, the company said in a statement. The firm also plans to strengthen its partnerships with educational institutions, banks, and other financial entities, the statement added. It is the first non-banking financial company (NBFC) licence granted by the Reserve Bank of India (RBI) to a student loans-focussed lending platform in India. The licence will allow it to lend from its books along with partner NBFCs and banks, the firm said on March 11.