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Bengaluru-based NBFC firm Varthana raises Rs 159 crore in debt funding

  • 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.

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