Startup Atlas · Education Finance

Varthana

Varthana Finance Private Limited ● Bengaluru, Karnataka ● Founded 2013 ● varthana.com ↗

Non-deposit accepting NBFC headquartered in Bengaluru that provides financing to affordable private schools, and since 2018 also student loans, across India.

Steve Hardgrave · Co-founder & Wholetime Director, Executive Vice Chairman Brajesh Mishra · Co-founder, Managing Director & CEO

$175.71 MnTotal funding (tracked)

13Funding rounds

22 Jan 2026Last round

Varthana: Funding Rounds

Date	Round	Amount	Investors	Source
22 Jan 2026	Debt	$16.5 Mn (₹150.78 Cr)	Symbiotics Triple Jump WaterEquity	source
9 Jul 2025	Debt	₹159 Cr (~$18.6 Mn)	BlueEarth Capital Franklin Templeton Alternative Investments responsAbility	source
17 Apr 2025	Debt	₹75 Cr (~$8.7 Mn)	OfBusiness Oxyzo Ambium Finserve IKF Finance	source
9 Dec 2024	Debt	₹120 Cr (~$15 Mn)	BlueOrchard Finance	source
20 May 2024	Debt	₹27 Cr (~$3.2 Mn)	Triodos Investment Management	source
17 Apr 2024	Debt	$10 Mn	BlueOrchard Finance	source
12 Jan 2024	Debt	₹116 Cr ($14 Mn)	Blue Earth Capital	source
31 Aug 2023	Debt	$2.5 Mn (Social Bond)	Symbiotics Investments	source
4 Jan 2023	Debt	₹56 Cr ($7 Mn)	MicroVest	source
1 Dec 2019	Debt	$8 Mn	Blue Earth Capital	source
1 Apr 2018	Series C	$55 Mn	ChrysCapital Elevar Equity Kaizen Private Equity LGT Impact Omidyar Network	source
14 Apr 2016	Series B	₹93 Cr ($14 Mn)	Kaizen Private Equity Zephyr Peacock India Elevar Equity LGT Venture Philanthropy Omidyar Network	source
1 Sep 2014	Series A	₹27 Cr	Omidyar Network Elevar Equity LGT Venture Philanthropy	source

Acquisitions

Date	Acquirer	Acquired	Amount	Source
19 Mar 2024	Varthana	Indian School Finance Company	₹126 Cr	source

News on Varthana

No coverage of Varthana linked yet.

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FAQs on Varthana

Who founded Varthana?

Varthana was founded by Steve Hardgrave, Brajesh Mishra in 2013.

How much funding has Varthana raised?

Varthana has raised $175.71 Mn across 13 tracked funding round(s), most recently on 2026-01-22. Figures are compiled from cited public sources.

Who are the investors in Varthana?

Investors in Varthana include Symbiotics, Triple Jump, WaterEquity, BlueEarth Capital, Franklin Templeton Alternative Investments, responsAbility, OfBusiness, Oxyzo.

What does Varthana do?

Non-deposit accepting NBFC headquartered in Bengaluru that provides financing to affordable private schools, and since 2018 also student loans, across India.

Where is Varthana headquartered?

Varthana is headquartered in Bengaluru, Karnataka, India.

What is Varthana's business model?

Varthana's core value proposition centers on Customised, timely school financing, Collateral-free and secured loan options, Beyond-loans support.

How does Varthana make money?

Varthana's cited revenue streams include Interest income on school loans, Interest income on student loans.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the “source” links beside each entry. Profile sources: www.careratings.com · Last verified 15 Jul 2026. · Report a correction