India, March 11 -- Westbridge Capital-backed lending tech startup Kuhoo Finance has secured a non-banking finance company (NBFC) licence from the Reserve Bank of India. This will pave the way for the startup to offer loans from its own books.

With this, Kuhoo has joined the ranks of Fi, Groww, Jupiter and CRED, all of which forayed into the lending business either by securing a fresh licence or by acquiring another NBFC.

The NBFC licence will help the Mumbai-based startup expand its education finance offerings and increase its lending capacity, it said in a statement.

Kuhoo plans to offer loans of up to INR 2 Cr for courses ranging from management to engineering and medical. It will also offer loans for executive education and upskilli...