Prøve GULL - Gratis
Leap nears Prodigy buyout
Mint Bangalore
|March 07, 2025
The study-abroad platform is in late-stage talks to acquire fintech firm Prodigy Finance to expand its footprint
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.
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 immediately ascertain the size of the transaction.
Queries sent to Leap, Prodigy and KC Overseas on Thursday haven't elicited any 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.
Denne historien er fra March 07, 2025-utgaven av Mint Bangalore.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Bangalore
Mint Bangalore
Govt weighs ₹500-cr push for battery storage testing
Reliance on Chinese imports, limited local testing raise supply chain and cyber security risks
3 mins
January 10, 2026
Mint Bangalore
How we will travel in 2026
2026 will be defined by glowcations, romantasy retreats and milestone missions, a word salad that indicates the coming together of culture, individual taste and technology
6 mins
January 10, 2026
Mint Bangalore
Airfares at 4-yr low on weak traffic; IndiGo cuts hit demand
lines—IndiGo, Tata-backed Air India group, Akasa Air and SpiceJet—operating a combined 550 aircraft during the quarter, 6% higher than the 518 aircraft operated a year ago.
1 mins
January 10, 2026
Mint Bangalore
Airfares hit four-year low on weak traffic; IndiGo crisis dulls demand
India's average domestic airfares hit a four-year low in the December quarter, an unusual outcome for a seasonally strong period, as traffic slowed through 2025 and demand weakened on non-metro routes.
1 min
January 10, 2026
Mint Bangalore
Jaipur's many sweet takes
A winter food walk through the bylanes of Pink City reveals rituals and craftsmanship
2 mins
January 10, 2026
Mint Bangalore
Defunct Udan airports cost govt nearly ₹900 cr
India's plan to connect its interior areas by air has run into heavy weather, with expensive infrastructure and commercial viability playing spoilsport while hundreds of crores are being spent to maintain airports where no planes are landing.
1 min
January 10, 2026
Mint Bangalore
Jewellery in India isn't just about the flex
A new book, 'Silver & Gold', is a reminder that jewellery has links to faith and culture in India
3 mins
January 10, 2026
Mint Bangalore
Merchant banks in Sebi squeeze as new rules kick in
and head of equity capital markets at Equirus Capital.
2 mins
January 10, 2026
Mint Bangalore
When women turned purdah to their advantage
In April 1937, the junior maharani of Alwar decided to “go joy riding in an aeroplane.”
5 mins
January 10, 2026
Mint Bangalore
What chefs can't wait to cook with in 2026
Fine-dining menus will see fresh action as ingredients like insect protein and seaweed inspire chefs to cook more responsibly
4 mins
January 10, 2026
Listen
Translate
Change font size