Rao Edusolutions gets a Rs 55-crore help from Avendus
The company plans to scale up its coaching services business and refinance the existing loans in entirety through this funding.
By ET Bureau |
BENGALURU: Avendus Finance, the credit solutions arm of Avendus Capital has provided structured debt of Rs 55 crore to Rao Edusolutions (RaoIIT), an educational coaching services provider.
The company plans to scale up its coaching services business and refinance the existing loans in entirety through this funding.
RaoIIT operates a chain of 27 coaching centres for IIT and Medical aspirants across India.
The company plans to scale up its coaching services business and refinance the existing loans in entirety through this funding.
RaoIIT operates a chain of 27 coaching centres for IIT and Medical aspirants across India.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
ADVERTISEMENT
