The fintech firm Varthana, which focuses on education, secured $14 million, or roughly INR 116 crore, from Blue Earth Capital, one of its current investors.
Contributions from the impact investor’s partnerships and managed funds make up the capital being invested, as reported by Inc42.
According to Varthana, the new funding would enable them to assist a larger network of reasonably priced private schools across India.
Varthana cofounder and CEO Steve Hardgrave said, “With this new investment, our commitment to transforming education in India will strengthen further…With this investment, we aim to aspire more young minds in India for a better tomorrow.”
Varthana collaborates with entrepreneurs in the field of education who are driven to increase low-income communities’ access to high-quality education.
Varthana also provides academic and administrative support to schools, enabling administrators to give their pupils an outstanding education and establish their institution as the best in the neighbourhood.
Varthana, which was founded in 2013 by Steve Hardgrave and Brajesh Mishra, aims to improve access to high-quality education for low-income and emerging middle class families in India by offering financing and support to reasonably priced private schools in the country.