India Digest: Dutch Triodos invests in Varthana; Humors Tech raises funding
Varthana aims to make education accessible to over 10 million students by 2025.
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Varthana aims to make education accessible to over 10 million students by 2025.
Varthana, a non-bank lender in the education sector, secured 3 million euros in debt finance from Triodos Investment Management, enabling the company to expand and support schools and students in upgrading infrastructure and educational foundation. Established in 2013, Varthana has financed over 11,000 schools and provided 16,500 loans for expansion. Triodos Investment Management sees this investment as contributing to financial inclusion and quality education accessibility.
Varthana, a leading Non-Banking Finance Company (NBFC) in the affordable education sector, has successfully secured a $ 14 million follow-on investment from the Blue Earth Capital platform (“BlueEarth”). Varthana provides loans to affordable pr
ChrysCapital-backed school financier Varthana Finance is in the process of raising funds from an offshore investor, in what will be its second debt outing this ......
The debt fund will be raised at 12.85% all-embedded cost including hedging cost, Varthana co-founder and executive director Steve Hardgrave told ET. The fund is raised for 48 months. The firm's average cost of borrowing was a little over 13%.