Varthana Secures Rs 159 Crore to Power Affordable Schools and Green Infrastructure

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Varthana Finance, a ChrysCapitalbacked NBFC focused on education, has raised Rs 159 crore in debt funding from global impact investors BlueEarth Capital, ResponsAbility, and Franklin Templeton Alternative Investments.

Funding Breakdown:

Rs 69 crore from BlueEarth Capital via external commercial borrowing (ECB)
Rs 65 crore from ResponsAbility through nonconvertible debentures (NCDs)
Rs 25 crore from Franklin Templeton AIF via NCDs

Strategic Utilization:

The capital will be deployed to expand Varthana’s network of affordable private schools across India.
A portion of the funds will support integration of solar and renewable energy infrastructure in partner schools, promoting sustainability and operational resilience.

Impact and Reach:

Varthana operates in 16 states and union territories through 40 branches.
Since inception, it has supported over 12,000 schools with more than 19,000 loans.
The company also provides financing for students pursuing college and vocational training.

Investor Confidence:

This marks BlueEarth Capital’s third collaboration with Varthana, reinforcing shared goals around inclusive education.
ResponsAbility and Franklin Templeton AIF emphasized the transformative potential of accessible education and clean energy in emerging markets.

Varthana’s mission to democratize quality education and foster climateconscious school infrastructure continues to attract global capital, signaling strong investor faith in India’s education financing sector.

Sources: YourStory, VCCircle, Inc42, EntrepreneurNewsNetwork.