Varthana, a leading non-banking finance company (NBFC) in the education sector, has secured INR 27 crore in funding from Netherlands-based Triodos Investment Management via non-convertible debentures (NCD).

As per the startup, the funding will be used to expand its reach and support more schools and students in improving their facilities, infrastructure, and educational foundation.

Varthana | Leading NBFC For Education Sector

Founded in the year 2013, Varthana is a school funding provider in India, offering loans to meet the development needs of affordable private schools. It is also serving domestic students attending college, technical training/short-term courses, and postgraduate studies by providing them with loans to continue education.

It claims to have a presence in 16 states and union territories through 40 branches and 150 spokes. It has financed more than 11,000 affordable private schools and facilitated over 16,500 loans for school expansion and renovation.

It also extends its services to Tier III and Tier IV cities, contributing to fostering accessible education in India.

Speaking about the development, Steve Hardgrave, Co-founder and CEO of Varthana, said

“The funding provided to Varthana reflects a shared vision of driving positive social impact and the importance of innovative financing solutions in addressing the challenges faced by the education sector. This investment reaffirms our commitment to making quality education accessible to all and will fuel our efforts to empower more educational institutions across the country.”

Netherland-based Triodos Investment Management focuses on food, resource, energy, societal and wellbeing. It operates globally as an impact investor and is a wholly owned subsidiary of Triodos Bank NV.

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