Varthana

lendingonline loans

FOUNDING YEAR: 2013
LOCATION: India
Last Update: 01/05/2020

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About

Varthana provides loans and support to affordable private schools in India. The institute partners with education entrepreneurs who have a sense of urgency about improving access to quality education in low-income communities.

Focus

PRODUCTS & SERVICES

Secured and Unsecured loans for private schools and coordinating a pilot program for E-learning. Fills the gap of financing for affordable private schools by providing low interest loans.

REVENUE MODEL

Charge interest from the schools for the loans.

MAIN CLIENTS

Currently serving 1800 schools across 50 different cities. Ex. school: Edith Douglas High School

EXISTING PARTNERSHIPS

Milaap - It helps Varthana to impact more schools and provides loans to improve infrastructure facilities in lower cost private schools. Gooru

iEinstein - To provide training and support to private schools and affordable low cost laptops.

People

FOUNDERS

Steve Hardgrave

Brajesh Mishra

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Elevar Equity

Kaizen Private Equity

LGT Venture Philanthropy

OMIDYAR NETWORK

Venture Lab

Zephyr Management.

Momentum

FUNDED

YES

TOTAL FUNDING

$72.35 M

DATE OF LAST FUNDING

Apr 2018

SEED CLOSED ON

May 2013

FUNDING SERIES

SERIES A  · $4.43 M  · Sep 2014

SERIES B  · $14 M  · Apr 2016

SERIES C  · $53.92 M  · Apr 2018

LISTED

NO

BASICS

FOUNDING YEAR:

2013

LOCATION:

India

Views:

135 VISITORS | 350 VIEWS
LATEST FUNDING ROUND

$72.3 M

TOTAL EMPLOYEES
51-200

About

Varthana provides loans and support to affordable private schools in India. The institute partners with education entrepreneurs who have a sense of urgency about improving access to quality education in low-income communities.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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People+
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