About Varthana
Varthana is a company based in Bengaluru (India) founded in 2013 by Brajesh Mishra, Steve Hardgrave, and Brajesh Sirishkumar Mishra.. Varthana has raised $89.46 million across 20 funding rounds from investors including Northern Arc Capital, Oxyzo and OfBusiness. The company has 791 employees as of January 21, 2025. Varthana has completed 1 acquisition, including Indian School Finance Company. Varthana operates in a competitive market with competitors including Auxilo, Neev Finance, Vidyashri, Kashmir Finance and India2Usa, among others.
- Headquarter Bengaluru, India
- Employees 791 as on 21 Jan, 2025
- Founders Brajesh Mishra, Steve Hardgrave, Brajesh Sirishkumar Mishra
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Varthana Finance Private Limited
- Date of Incorporation 12 Jun, 1984
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$27.08 M (USD)64.49as on Mar 31, 2019
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Net Profit
$5.55 M (USD)160.99as on Mar 31, 2019
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EBITDA
$18.04 M (USD)75.61as on Mar 31, 2019
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Total Equity Funding
$89.46 M (USD)
in 20 rounds
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Latest Funding Round
$6 M (USD), Debt – Conventional
Jan 08, 2026
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Investors
Northern Arc Capital
& 44 more
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Employee Count
791
as on Jan 21, 2025
- Investments & Acquisitions
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Funding Insights of Varthana
Varthana has successfully raised a total of $89.46M across 20 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $6 million completed in January 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 20
- Last Round Debt – Conventional — $6.0M
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First Round
First Round
(06 May 2013)
- Investors Count 45
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2026 | Amount | Debt – Conventional - Varthana | Valuation |
investors |
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| Jul, 2025 | Amount | Debt – Conventional - Varthana | Valuation |
investors |
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| Apr, 2025 | Amount | Debt – Conventional - Varthana | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Varthana
Varthana has secured backing from 45 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Northern Arc Capital, Oxyzo and OfBusiness. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Debt and equity investments are managed by this private fund.
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Founded Year | Domain | Location | |
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Diversified investment portfolios are managed for various clients.
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Founded Year | Domain | Location | |
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Provider of investment firm specializing in private equity and private credit
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Varthana
Varthana has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Indian School Finance Company. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Loans are extended to schools for infrastructure enhancements.
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Varthana
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Varthana Comparisons
Competitors of Varthana
Varthana operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Auxilo, Neev Finance, Vidyashri, Kashmir Finance and India2Usa, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Financial products for education loans and services are provided.
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| domain | founded_year | HQ Location |
Short-term loans for K-12 school fees are offered to parents.
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| domain | founded_year | HQ Location |
Provides comprehensive solutions for education loans to support student financing.
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| domain | founded_year | HQ Location |
Offers fast and easy student loans for education across India.
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| domain | founded_year | HQ Location |
Educational consultancy providing counseling and assistance for USA study programs.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Varthana
Frequently Asked Questions about Varthana
When was Varthana founded?
Varthana was founded in 2013.
Where is Varthana located?
Varthana is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Varthana?
Steve Hardgrave is the current CEO of Varthana. They have also founded this company.
Is Varthana a funded company?
Varthana is a funded company, having raised a total of $89.46M across 20 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $8.7M, raised on May 06, 2013.
How many employees does Varthana have?
As of Jan 21, 2025, the latest employee count at Varthana is 791.
What is the annual revenue of Varthana?
Annual revenue of Varthana is $27.08M as on Mar 31, 2019.
What does Varthana do?
Varthana was founded in 2013 and is based in Bengaluru, India. Operations focus on the education finance sector, where custom loans are extended to schools for infrastructure and development projects. Student loans are also offered to support college education and career preparation. Additional support is provided to help students achieve academic excellence. The companys domain is varthana.com.
Who are the top competitors of Varthana?
Varthana's top competitors include Auxilo, Neev Finance and Vidyashri.
How many acquisitions has Varthana made?
Varthana has made 1 acquisition, including Indian School Finance Company.
Who are Varthana's investors?
Varthana has 45 investors. Key investors include Northern Arc Capital, Oxyzo, OfBusiness, Franklin Templeton, and Accion.
What is Varthana's valuation?
The valuation of Varthana is $128.56M as of Jun 2021.
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