Try GOLD - Free
Leap in late-stage talks to acquire Prodigy Finance
Hindustan Times East UP
|March 07, 2025
Flush with funds, study-abroad platform Leap is in late-stage talks to acquire study-abroad fintech Prodigy Finance Ltd, with plans to acquire more startups, three persons close to the development told Mint.
MUMBAI:
The final details are being ironed out, and the deal will close soon, said one of the persons, adding that Leap is also evaluating two to three other startups to acquire, with study-abroad consultancy KC Overseas Education being one of the leading prospects.
Mint could not ascertain the size of the deal.
Queries sent to Leap, Prodigy and KC Overseas early on Thursday haven't elicited a response.
On Wednesday, its student-lending arm, Leap Finance Inc., secured a $100 million debt facility from HSBC's $1 billion ASEAN Growth Fund for new economy businesses to support students pursuing international education, the company said in a statement.
Since its inception in 2019, Leap has raised over $400 million in equity and debt.
This story is from the March 07, 2025 edition of Hindustan Times East UP.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Hindustan Times East UP
Hindustan Times East UP
In Bihar, the INDIA bloc fights a perception battle
Will it be the National Democratic Alliance (NDA) that will assume office in Patna on November 14, when the Bihar assembly election results are announced? Or will it be the Mahagathbandhan (a phalanx of the larger Opposition alliance, the INDIA bloc, in Bihar)? There's also a third player that is keenly watched — the Jan Suraaj Party, founded by pollster Prashant Kishor, who may emerge as a kingmaker.
4 mins
October 13, 2025
Hindustan Times East UP
The recipe of trumping odds: The RSS playbook
I have been watching the Rashtriya Swayamsevak Sangh (RSS) — in its 10Ist year now — for more than 50 years. An obvious curiosity arises about the secret of its success.
3 mins
October 13, 2025
Hindustan Times East UP
The gains of recognising the Taliban govt in Kabul
It could help India cultivate political goodwill and public support in Afghanistan
4 mins
October 13, 2025
Hindustan Times East UP
3 held for Bengal gang rape, row over CM reax
KOLKATA: Three people were arrested on Sunday for their alleged involvement in the gang rape of a student of a private medical college in West Bengal’s Paschim Bardhaman district, police said even as chief minister Mamata Banerjee kicked off row with her remark that girls should not be allowed to go outside the campus at night.
1 min
October 13, 2025
Hindustan Times East UP
OPERATION BLUE STAR A MISTAKE: P CHIDAMBARAM
Congress leader P Chidambaram said Operation Blue Star was not the right way to capture militants holed up in the Golden Temple in 1984, due to which the then prime minister, Indira Gandhi, “paid with her life”.
1 min
October 13, 2025
Hindustan Times East UP
US intel helps Ukraine target Russian energy infra: Report
The US has been helping Ukraine mount long-range strikes on Russian energy facilities for months in a joint effort to weaken the economy and force President Vladimir Putin to the negotiating table, the Financial Times (FT) reported on Sunday.
1 min
October 13, 2025
Hindustan Times East UP
Dozens killed in Af-Pak clashes, border closed
Afghanistan and Pakistan said on Sunday they killed dozens of each other's troops during a night of heavy border clashes between the two countries.
1 mins
October 13, 2025
Hindustan Times East UP
Today's united India is a result of Sardar Patel's leadership'
'Sardar @150 Unity March to be held from October 31 to November 26, says CM
1 min
October 13, 2025
Hindustan Times East UP
PHILIPPINES AND CHINA TRADE ACCUSATIONS OVER VESSEL CLASH IN THE SCS
The Philippines and China accused each other on Sunday of responsibility for a maritime confrontation near disputed islands in the South China Sea (SCS), further escalating tensions in the resource-rich waterway.
1 min
October 13, 2025
Hindustan Times East UP
Visit of Afghanistan foreign minister to Taj Mahal cancelled
AGRA: The planned visit of Afghanistan's foreign minister, Amir Khan Muttaqi, to the Taj Mahal, Agra, on Sunday was cancelled at the last moment, officials confirmed, without providing a reason.
1 min
October 13, 2025
Listen
Translate
Change font size