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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…
