Varthana Clinches $10M Debt from BlueOrchard

Varthana Finance, a Bengaluru-based non-banking financial company (NBFC) at the forefront of affordable education lending in India, has secured a significant $10 million debt funding from BlueOrchard Finance. This recent development highlights the growing prominence of impact investments in the education sector and Varthana’s role as a driving force for positive change.

Established in 2013, Varthana Finance bridges the financial gap for affordable private schools and students by offering loans for crucial resources and infrastructure upgrades. This debt financing round, secured in April 2024, will fuel Varthana’s expansion plans, empowering a wider network of affordable private schools across the country.

“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 Steve Hardgrave, CEO of Varthana Finance, in a press release.

Strategic Alliance with BlueOrchard Finance: A Meeting of Minds

BlueOrchard Finance, a globally renowned impact investor, manages the fund that provided Varthana with the $10 million debt capital. This investment aligns perfectly with BlueOrchard’s mission of supporting initiatives that drive social and environmental progress. By funding Varthana, BlueOrchard indirectly contributes to improved access to quality education for underprivileged communities in India, fostering a more equitable educational landscape.

Varthana’s Continued Ascendancy in Affordable Education Lending

Varthana’s recent debt funding underscores the burgeoning demand for financial solutions in the affordable education sector. This fresh capital injection will empower Varthana to reach a wider audience of schools, enabling them to invest in critical areas and ultimately bridge the educational equity gap in India. Varthana’s strategic growth trajectory positions them as a key player in shaping the future of affordable education, ensuring quality learning opportunities for all.

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