STEVE HARDGRAVE
Varthana receives 3 million euros of debt finance from Dutch investor
Varthana, a non-bank lender in the education sector, secured 3 million euros in debt finance from Triodos Investment Management, enabling the company to expand and support schools and students in upgrading infrastructure and educational foundation. Established in 2013, Varthana has financed over 11,000 schools and provided 16,500 loans for expansion. Triodos Investment Management sees this investment as contributing to financial inclusion and quality education accessibility.
Varthana Finance secures $10 mn debt from BlueOrchard Finance
Bengaluru-based Varthana Finance, backed by ChrysCapital, secures $10 million in debt from BlueOrchard Finance, a global impact investor. Varthana specializes in providing loans to affordable private schools and students to improve access to quality education. The funding aims to expand support to a larger network of schools, advancing efforts for inclusive education
Varthana Finance to raise Rs 116 crore from Swiss investor Blue Earth Capital
The debt fund will be raised at 12.85% all-embedded cost including hedging cost, Varthana co-founder and executive director Steve Hardgrave told ET. The fund is raised for 48 months. The firm's average cost of borrowing was a little over 13%.
US financial body gives $15 mn loan to Indian startup to expand access to quality education
Low-fee private schools have stepped in to provide low- and middle-income families access to quality, affordable education. However, these schools need better access to financing in order to grow and improve.
India is becoming a popular destination for foreigners to chase their startup dreams
A host of foreign nationals are relocating to India to fulfil their startup ambitions despite stumbling blocks.
ChrysCapital Pumps Rs 350 crore into Varthana
Founded five years ago by former ICICI Bank executive Brajesh Mishra and Steve Hardgrave, the NBFC has provided loans to over 3,500 schools since inception.
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Varthana bags Rs 93 crore in Series B funding
Steve Hardgrave CEO of Varthana said, existing investors Elevar Equity, LGT Venture Philanthropy and Omidyar Network also participated in the funding round.
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