Varthana, a leading Non-Banking Finance Company (NBFC) committed to transforming affordable private education in India, has received USD 15 million (120 crore) funding from BlueOrchard Microfinance Fund, managed by BlueOrchard, a leading impact investor, through the External Commercial Borrowings (ECB) framework. Varthana provides loans to affordable private schools and students pursuing higher education in India.

This funding marks a significant milestone for Varthana as it advances its mission to make quality education both accessible and affordable in underserved communities across India. The funds will be strategically utilised to expand Varthana’s lending portfolio, providing private schools and vocational students in Tier 2 and Tier 3 cities with essential financial support for infrastructure enhancement and skill-based learning initiatives.

This partnership with BlueOrchard Microfinance Fund underscores the trust in Varthana’s vision to bridge the education gap in India by empowering affordable education institutions and improving learning outcomes for millions of students. Through its innovative solutions, Varthana has enabled thousands of private schools to upgrade their facilities and enhance teaching standards, driving measurable improvements in student success.

Commenting on the significance of this funding, Steve Hardgrave, CEO of Varthana, said, “We are thrilled to receive this second round of funding from BlueOrchard Microfinance Fund, which strengthens our commitment to transforming education in underserved communities. These funds will allow us to reach more schools and families, enabling them to access the resources they need to create impactful learning environments. We are driving meaningful change and empowering the next generation with better opportunities to learn, grow, and thrive.”

Varthana has played a crucial role by financing more than 11,000 affordable private schools and facilitating over 16,500 loans for school expansion and renovation. With a presence in 16 states/union territories and 40 branches, Varthana also extends its services to Tier III and Tier IV cities, significantly contributing to fostering accessible education in India.

Comments Yan Kit Lee, head of originations, Asia, at BlueOrchard Investments (Singapore) Pte Ltd, “This facility represents BlueOrchard and Varthana’s mutual commitment and recognition of inclusive education’s crucial role in achieving sustainable development, and uplifting the future generations of India. We are excited to journey alongside Varthana as they continue to transform the affordable education sector at scale.”

Headquartered in Bengaluru, Varthana (estb. 2013) is a pioneer in the affordable education sector and the largest school education focused Non-Banking Finance Company (NBFC) in India. For more information, visit https://varthana.com/

BlueOrchard is a leading global impact investment manager and member of the Schroders Group. As a pioneer of impact investing, the firm is dedicated to generating lasting positive impact for communities and the environment, while aiming at providing attractive returns to investors. To learn more, visit www.blueorchard.com.

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