Bengaluru-based NBFC Varthana has secured Rs 159 crore in debt funding from global investors BlueEarth Capital, Franklin Templeton AIF, and responsAbility.
The funding includes Rs 69 crore in ECBs from BlueEarth Capital, Rs 65 crore through NCDs from responsAbility, and Rs 25 crore from Franklin Templeton AIF.
Varthana plans to use the funds to improve access to affordable private education, enhance school infrastructure, and integrate sustainable energy-efficient systems.
Founded in 2013, Varthana offers collateral-free loans for affordable private schools and students, having financed over 12,000 schools and disbursed 75,000 loans across 40 cities in 16 states.