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Listed education company Veranda Learning raises Rs 425 crore debt from BPEA Credit

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Listed education company Veranda Learning raises Rs 425 crore debt from BPEA Credit

Veranda Learning, an education company offering competitive exam preparation and professional skilling programs, has raised Rs 425 crore through NCDs. The funds will be used for acquisitions, refinancing debts, and enhancing working capital. Veranda aims to dominate the education sector and sees this funding as instrumental in achieving strategic expansion goals. BPEA Credit's investment is a significant endorsement, and Anand Rathi Advisors highlights the attractiveness of the education sector for investors. Veranda has a successful acquisition strategy, with over Rs 1,000 crore invested and substantial revenue growth. Founded in 2018, Veranda offers a comprehensive educational ecosystem leveraging technology and personalization.

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