Varthana raises $3 million from Dell Foundation to expand its school transformation program

Bengaluru: Bengaluru-based school finance company Varthana has raised $3 million in funding from the Michael and Susan Dell Foundation to expand its school transformation program (STP). The programme is aimed at improving the quality of learning in private schools by extending credit facilities. Through the STP initiative, Varthana provides debt financing, education assessments, hands-on support, vendor connections, and financial rewards to schools in different states. It has an in-house non-banking finance company (NBFC) for giving credit finance to schools. It provides loans from Rs5 lakh to Rs1 crore for private schools…

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