Varthana Finance secures $10 mn debt from BlueOrchard Finance

Kolkata: ChrysCapital-backed school financier Varthana Finance has raised $10 million debt from a fund managed by global impact investor BlueOrchard Finance.

Varthana provides loans to affordable private schools and students to enhance the affordability of quality education.

"With this funding, Varthana is poised to expand its reach and support to a larger network of affordable private schools, thereby accelerating our efforts to ensure quality education for every child, regardless of socio-economic background," said c0-founder cum chief executive Steve Hardgrave.


This fund raising comes within three months of raising another debt from Swiss investor Blue Earth Capital.,

Established in 2013, Varthana aims to make education accessible to over 10 million students by 2025. Its assets under management currently stood over Rs 1200 crore.