Varthana, a Bengaluru-based NBFC focused on education, has raised ₹75 crore (about $8.7 million) in debt funding. The round was co-led by OfBusiness and its finance arm Oxyzo, with support from Ambium Finserve and IKF Finance.
The funding was raised through 75,000 non-convertible debentures (NCDs), each worth ₹10,000. This money will help Varthana support more low-cost private schools and students from underserved communities across India.
Varthana is known for offering collateral-free, affordable loans, especially to schools and students in smaller towns and cities (Tier II to Tier IV).
This funding marks an important step in Varthana’s growth as it works to expand its loan offerings and improve access to education financing in India.
The company’s loan book grew by 48% in one year — from ₹1,280 Cr in FY24 to ₹1,896 Cr in FY25. Varthana now aims to grow it by another 50% and reach over ₹2,800 Cr by March 2026.
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“Strengthening our offerings in the school and student loan segments remains a strategic priority. The current funding will help us serve more institutions and students who are traditionally underserved by mainstream finance,” said the company’s spokesperson.
Yan Kit Lee, Head of Originations, Asia, BlueOrchard Investments (Singapore) said, “BlueOrchard and Varthana share a common belief in the power of inclusive education. This partnership underscores our long-term commitment to bridging the financial gap in education,”.
About Varthana
Varthana offers loans and support to affordable private schools in India to help low-income and middle-class families access quality education. It works with school owners who are passionate about making education better in underserved communities.
