To fund loans for rural schools, Varthana secured Debt funding from Symbiotics Investments

Varthana obtained debt financing from Symbiotics Investments for $2.5 million through social bonds with an emphasis on education.

By financing equipment purchases and facility renovations, the startup claimed it will use the additional funding to make private schools in rural and suburban areas more affordable.

A non-banking financial services company (NBFC) called Varthana provides education loans to institutions of higher learning and students.

Varthana, a fintech platform, has obtained a $2.5 million debt loan from Symbiotics Investments through social bonds with an emphasis on education.

The startup claimed it would use the additional funding to finance the construction of new facilities, the purchase of equipment, and facility renovations in order to make private schools in suburban and rural areas more affordable. In addition, Varthana said in a statement that it would also give loans to students for vocational training.