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Indian lender to private schools plans new funding round

Varthana in talks to raise $50m

Varthana has outstanding secured and unsecured loans to over 3,500 schools.   © Reuters

NEW DELHI -- Varthana, which specialises in debt financing for private schools, is planning to raise a fresh funding round of $50 million, said sources close to the deal.

The Series D funding round is expected to be led by existing investors and will also see participation from new investors. The company has also roped in Kotak Investment Banking to advise on fundraising, it said.

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