The fintech firm Varthana, which focuses on education, has secured $14 million, or around INR 116 crore, from Blue Earth Capital, one of its current investors. Funding from the impact investor’s partnerships and managed funds make up the investment.
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Varthana stated in a statement that the additional funding will enable them to provide financial assistance to a larger network of reasonably priced private schools throughout India. By 2025, the Varthana wants to provide loans to more than one million students nationwide.
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Through its credit service, it also seeks to assist students enrolled in postgraduate studies, technical training, short-term courses and colleges, in addition to school students.
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Commenting on the investment, Steve Hardgrave said, “With this new investment, our commitment to transforming education in India will strengthen further…With this investment, we aim to aspire more young minds in India for a better tomorrow.”
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About Varthana
Founded in 2013 by Steve Hardgrave and Brajesh Mishra, Varthana is the largest school loan company and the fastest growing student loan company in India headquartered in Bengaluru. Varthana now have a presence in 15 states and 40 branches across India, with the goal of transforming affordable education in India.
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Varthana is supporting affordable private schools and students with affordable school loan and education loan finance options. Varthana’s loans are custom-built to suit the wide range of projects that help school leaders unlock their school’s potential, as well as for college-going students to achieve their educational goals.
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