Varthana Nets INR 75 Cr Debt From OfBusiness, Oxyzo

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SUMMARY

Varthana’s board passed a resolution in January to issue 75,000 NCDs with a face value of INR 10,000 each to raise the sum

The fintech startup plans to use the fresh funds to accelerate debt financing for its customers, including low-budget private schools and students seeking to pursue higher education in India

Varthana reported a net profit of INR 30 Cr on an operating revenue of INR 209 Cr in FY24

Education-focussed non-banking finance company (NBFC) Varthana has raised INR 75 Cr (about $8.7 Mn) in a debt…



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Varthana Nets INR 75 Cr Debt From OfBusiness, Oxyzo


SUMMARY

Varthana’s board passed a resolution in January to issue 75,000 NCDs with a face value of INR 10,000 each to raise the sum

The fintech startup plans to use the fresh funds to accelerate debt financing for its customers, including low-budget private schools and students seeking to pursue higher education in India

Varthana reported a net profit of INR 30 Cr on an operating revenue of INR 209 Cr in FY24

Education-focussed non-banking finance company (NBFC) Varthana has raised INR 75 Cr (about $8.7 Mn) in a debt…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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