• FOUNDING YEAR: 2013
    LOCATION:
    India
    REGION:
    Karnataka
    Last Update:
    18 Oct, 2019

Description

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:
Viewable by subscribers only
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:
Venture Lab, Elevar Equity, Kaizen Private Equity, LGT Venture Philanthropy, Omidyar Network, Zephyr Management.

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$18.43 Millions
DATE OF LAST FUNDING:
Apr 2016
FUNDING SERIES:
SERIES A
$4.43 Millions Closed: Sep 2014
SERIES B
$14 Million Closed: Apr 2016
LISTED:
NO

LATEST RESEARCH