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Varthana Bags $16.5 Million Funds

CIO Insider Team | Thursday, 22 January, 2026
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Varthana Finance, a prominent NBFC in the affordable education domain in India, has obtained a number of strategic international debt financings to bolster its efforts in reshaping affordable education and school infrastructure throughout India.

The financing consists of a $6 million loan from WaterEquity, a $5 million NCD from Symbiotics, and EUR 5 million ECB from Triple Jump, bringing the total capital raised in this tranche to around $16.5 million (INR 150.78 crores).

Amit Agarwal, Head of South and Central Asia for Financial Institutions, WaterEquity says, “Children spend a significant portion of their day at school, and access to safe, dignified WASH facilities is essential to improving attendance and learning outcomes - particularly for girls. Varthana’s extensive network of affordable private schools provides a strong platform to scale these improvements, while also advancing sustainable education infrastructure.”

Sylvie Gal, Regional Manager, Asia Pacific, Triple Jump says, “This investment reflects our commitment to supporting scalable education financing models that strengthen school infrastructure and improve learning outcomes in underserved communities. Varthana’s focused approach to financing affordable private schools enables long-term improvements in learning environments. By directing capital towards school growth and expansion, this partnership supports more inclusive access to quality education. We are pleased to contribute to building resilient education ecosystems across India.”

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The combined funding underscores increasing worldwide investor faith in Varthana's education-centric lending approach and its capacity to achieve both financial success and identifiable social effects

Prashant Bhardwaj, Regional Manager, South Asia, Symbiotics says, “We are delighted to work with Varthana, as their focus on affordable education aligns well with our mandate to channel capital towards institutions delivering sustainable social impact in emerging markets. Varthana has demonstrated the ability to scale responsibly while maintaining a clear impact orientation. This investment will support the expansion of school infrastructure and learning capacity. It reinforces our commitment to financing institutions that contribute to long-term social and economic development.”

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Steve Hardgrave, Wholetime Director and Executive Vice Chairman, Varthana says, “Access to quality education goes hand in hand with safe infrastructure and healthy learning environments. This diversified pool of international capital allows us to scale our impact responsibly, supporting affordable schools with long-term financing for infrastructure, including WASH, while continuing to strengthen the education ecosystem for millions of students across India.”

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The combined funding underscores increasing worldwide investor faith in Varthana's education-centric lending approach and its capacity to achieve both financial success and identifiable social effects. Collectively, these investments are anticipated to enhance public health results, increase school attendance, and support India’s overall advancement towards inclusive and equitable education



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