InvestorQ : What will be the impact of DFC funding Varthana of Bengaluru for expanding quality education? Do you see a business opportunity there?
Tisha Malhotra made post

What will be the impact of DFC funding Varthana of Bengaluru for expanding quality education? Do you see a business opportunity there?

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Moii Chavate answered.
1 year ago
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The American development bank, DFC, will sanction $15 million loan to Bengaluru based, Varthana, a Indian education start-up to expand the access to quality education by providing critical financing to schools that serve low-income students in India. The financing will help Bengaluru-based Varthana to reach more schools by meeting its need for long-term capital. Currently, Varthana supports more than 3500 schools with 84,000 teachers and 2.5 million students; essentially from low-income families across India. This will help in a quick recovery from the Coronavirus pandemic.

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