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Varthana raises Rs. 27 Cr to boost its education financing offerings

Inc42 · 10m

Education-focused NBFC, Varthana, has secured INR 27 crore (around $3.2 million) in funding from Triodos Investment Management. The funding will allow Varthana to expand its financial services to more students and schools, helping them improve their infrastructure and education standards. Varthana, which offers low-cost, collateral-free loans to private schools and students, has already financed over 11,000 private schools and provided over 16,500 loans. Triodos Investment Management, a subsidiary of Triodos Bank, believes that access to affordable quality education is crucial for poverty alleviation. The broader Indian digital lending market is expected to exceed $1.3 trillion by 2030.