About Varthana
Varthana is a Financial Services company based in Bengaluru (India) founded in 2013 by Brajesh Mishra, Steve Hardgrave, and Brajesh Sirishkumar Mishra. It operates as a school and student loan solutions are provided for educational needs. Varthana has raised $89.46 million across 20 funding rounds from investors including Northern Arc Capital, Oxyzo and OfBusiness. The company has 791 employees. Varthana has completed 1 acquisition, including Indian School Finance Company. Varthana was last valued at $128.56 million in June 2021. Its chief executive is Steve Hardgrave. Its website varthana.com draws about 57 thousand monthly visits. Its Indian entity Varthana Finance Private Limited reported revenue of βΉ284 Cr. Its focus areas include Consumer and SME Loans, Consumer Loans and Education Loans. Its competitors include Auxilo, Neev Finance, Vidyashri, Kashmir Finance and India2Usa and 2 more; 1 of its 7 listed competitors has raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Employees 791
- Founders Brajesh Mishra, Steve Hardgrave, Brajesh Sirishkumar Mishra
- Stage Minicorn
- SectorsFinancial Services
- Emailβ’β’β’β’β’β’β’β’
- Phoneβ’β’β’β’ β’β’β’β’
- Website varthana.com
- Social LinkedIn X Facebook
- Legal Name Varthana Finance Private Limited
- Date of Incorporation 12 Jun, 1984
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹284 Cr
FY 2024 · +52% YoY
- Net Profit₹2.52 Cr
FY 2024
- EBITDA₹142 Cr
FY 2024 · 50% margin
- Total Equity Funding$89.46M (USD)
in 20 rounds
- Latest Funding Round$6M (USD), Debt – Conventional
Jan 2026
- InvestorsNorthern Arc Capital
& 44 more
- Employee Count791
- Investments & Acquisitions
Associated legal entities of Varthana
Varthana operates through Varthana Finance Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Varthana Finance Private Limited CIN U65923KA1984PTC096528 | Active | 12 Jun 1984 | Bangalore, Karnataka | ₹284 Cr | 764 | 11 | View details |
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 β 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 $89.46M
- Total Rounds 20
- Last Round Debt – Conventional β $6M
- First Round $1.23M
(May 2013)
- Investors Count 45
Latest 10 of 20 funding rounds of Varthana with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2026 | $6M | Debt – Conventional | β | β | |
| Jul 2025 | $18.6M | Debt – Conventional | β | β | |
| Apr 2025 | $8.7M | Debt – Conventional | β | β | |
| Dec 2024 | $15M | Debt – Conventional | β | β | |
| May 2024 | $3.26M | Debt – Venture | β | β | |
| Apr 2024 | $10M | Debt – Conventional | β | β | |
| Jan 2024 | $13.96M | Debt – Conventional | β | β | |
| Sep 2023 | $2.5M | Debt – Conventional | β | β | |
| Jan 2023 | $7M | Debt – Conventional | β | β | |
| Jun 2021 | $14.13M | Series C | $128.56M | Blue Haven Global |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2021 | $128.56M | β’β’β’β’β’β’β’β’ |
| Mar 2018 | $130.37M | β’β’β’β’β’β’β’β’ |
| Mar 2016 | $β’β’β’β’β’ | β’β’β’β’β’β’β’β’ |
| Aug 2015 | $β’β’β’β’β’ | β’β’β’β’β’β’β’β’ |
| Aug 2014 | $β’β’β’β’β’ | β’β’β’β’β’β’β’β’ |
Full valuation and stage history of Varthana
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $128.56M (Jun 2021). 45 investors in total: 29 institutional and 16 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Debt and equity investments are managed by this private fund. | 2001 | blueorchard.com | Zurich, Switzerland | |
Diversified investment portfolios are managed for various clients. | – | triodos-im.com | Driebergen Rijsenburg, Netherlands | |
Provider of investment firm specializing in private equity and private credit | 2015 | blueearth.capital | Baar, Switzerland | |
Impact investing is managed through private equity by Symbiotics Group. | – | symbioticsgroup.com | Geneva, Switzerland | |
Venture debt and private equity investments are provided by MicroVest. | 2003 | microvestfund.com | Bethesda, United States | |
Series investments in technology startups are facilitated by venture capital. | – | bluehavenglobal.tcc.mode | Nassau City, Bahamas | |
Impact ventures are funded globally by LGT across key sectors. | – | lgtvp.com | Vaduz, Liechtenstein | |
Investments are made in digital society, education, and employability sectors. | – | omidyarnetwork.in | Mumbai, India | |
Series investments in technology startups are facilitated by venture capital. | – | graffitiinvestment.tcc.mode | Ringwood East, Australia | |
Investing in early growth for inclusive businesses in education, healthcare, and e-commerce. | 2006 | elevarequity.com | Bengaluru, India |
Investor details for Varthana
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Board of directors of Varthana Finance Private Limited (Varthana)
Varthana Finance Private Limited is the primary company behind Varthana. The board of Varthana Finance Private Limited currently have 8 directors; the longest-serving is Brajeshkumar Sirishkumar Mishra, appointed in 2013. 40 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Brajeshkumar Sirishkumar Mishra DIN 02292429 | Person Incharge | 20 Aug 2013 | 13 yrs 1 mo | Varthana Finance Private Limited |
| Steven Edwin Hardgrave DIN 02189073 | Person Incharge | 20 Aug 2013 | 13 yrs 1 mo | Varthana Finance Private Limited |
| Ankit Singhal DIN 09776472 | Nominee Director | 09 Nov 2022 | 3 yrs 11 mo | Varthana Finance Private Limited |
| Brahmanand Hegde DIN 02984527 | Director | 12 Sep 2023 | 3 yrs 1 mo | Varthana Finance Private Limited |
| Nandita Ganapathy DIN 08452949 | Nominee Director | 15 May 2024 | 2 yrs 5 mo | Varthana Finance Private Limited |
| Nilufer Panthaki DIN 08753306 | Additional Director | 29 Sep 2025 | 1 yr | Varthana Finance Private Limited |
| Gaurav Malhotra DIN 07640504 | Additional Director | 29 Sep 2025 | 1 yr | Varthana Finance Private Limited |
| Ravindra Babu Garikipati DIN 00984163 | Additional Director | 12 Nov 2025 | 11 mo | Varthana Finance Private Limited |
People of Varthana
57 people are tracked at Varthana (21 in leadership, 36 in team); the tracked headcount is 791.
| Name | Role | Group |
|---|---|---|
Brajesh Mishra | Co-Founder | Leadership |
Steve Hardgrave | Co-Founder & CEO | Leadership |
Brajesh Sirishkumar Mishra | Co-Founder | Leadership |
Talib Lokhandwala | Chief Financial Officer | Leadership |
Yogesh Gaat | Chief Business Officer | Leadership |
Chandra Kumar Cs | Chief Human Resources Officer & | Leadership |
Rupesh Pai | Head Of Credit Underwriting Student Loans | Leadership |
Sivaram P. Raja | Chief Compliance Officer | Leadership |
Sushree Panda | Head-marketing & Communications | Leadership |
Yogesh Mashalkar | Chief Technology Officer | Leadership |
Arjun Tyagi | Cluster Credit Head- School & Educational Funding | Leadership |
Sumit Gawshinde | Head Of Collections | Leadership |
Mourya Km | Associate Vice President Data Engineering | Leadership |
Sachin Navale | Head Of Product | Leadership |
Satmeet Singh N. | Business Head - Student Loans | Leadership |
Anil Sundaramurthy | Business Head | Leadership |
Nitin Sharma | Senior Manager-partner Success | Leadership |
Sachin Manjalekar | Assistant Vice President - Marketing & Communications | Leadership |
Bharani Kumar (Cfap | Head Of Fraud Risk Management / RCU | Leadership |
Prem Kiran Varikuti | Vice President | Leadership |
37 more people are available in the full profile.
Complete people profiles for Varthana
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Financials of Varthana
Figures of Varthana Finance Private Limited, the primary company behind Varthana, for FY 2024. Revenue was ₹284 Cr (+52% year on year). Net profit was ₹2.52 Cr. EBITDA was ₹142 Cr (50% margin). Revenue has grown at a compounded annual rate of +10% over three years and +8% over five years.
- ₹284 CrRevenue · FY 2024 · +52% YoY
- ₹2.52 CrNet profit
- ₹142 CrEBITDA · 50% margin
- ₹50.55 CrPaid-up capital
- 764Employees (provident fund records)
- +10%Revenue CAGR, 3 years
- +8%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Varthana Finance Private Limited are on its company page.
Detailed financial statements for Varthana
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Investments & Acquisitions by Varthana
Varthana has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Indian School Finance Company.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Loans are extended to schools for infrastructure enhancements. | isfc.in | Delhi, India | 2008 | Mar 2024 | β’β’β’β’ |
Complete acquisition details for Varthana
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Timeline of Varthana
5 dated milestones of Varthana across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Varthana is founded.
- Funding First funding round of $1.2M.
- Milestone Reaches Minicorn status.
- Acquisition Acquires Indian School Finance Company.
- Funding Latest funding round, Debt β Conventional, of $6.0M.
Competitors of Varthana
Varthana has 7 listed competitors in our database, 1 of them funded. They include Auxilo, Neev Finance, Vidyashri, Kashmir Finance and India2Usa, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| auxilo.com | 2017 | Mumbai, India | $127.05M | 459 | Financial products for education loans and services are provided. | |
| neevfinance.com | 2016 | Bengaluru, India | – | 9 | Short-term loans for K-12 school fees are offered to parents. | |
| vidyashri.com | 2019 | Chennai, India | – | – | Provides comprehensive solutions for education loans to support student financing. | |
| ksfi.co.in | 2012 | Mumbai, India | – | – | Offers fast and easy student loans for education across India. | |
| india2usa.com | 2003 | Hyderabad, India | – | – | Educational consultancy providing counseling and assistance for USA study programs. | |
| educationloanguru.com | 2022 | Delhi, India | – | – | Specializes in education loans for students pursuing studies abroad. | |
| springboardfin.com | 2011 | Mumbai, India | – | – | Provides student loans tailored for vocational training programs. |
Detailed competitors of Varthana
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Web traffic of Varthana
The website of Varthana (varthana.com) receives about 56.9K visits a month.
- Monthly visits56.9K
▼ 15.8% vs previous month
Websites whose visitors overlap most with Varthana. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| clix.capital | 100% | 14.4K | #1,493,364 | View details | |
| cmrindia.com | 100% | 5.9K | #3,531,107 | View details | |
| communicationstoday.co.in | 100% | – | #482,231 | View details | |
| stytch.com | 100% | 1.1M | #47,957 | View details | |
| incred.com | 100% | 444.9K | #89,222 | View details | |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
All 10 similar websites and full traffic analytics for Varthana
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Top companies in Consumer and SME Loans
10 companies that operate in the same segment as Varthana (Consumer and SME Loans), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 860 | |
Synchrony is engaged in providing credit cards and banking services. | 1993 | Salem, United States | USD 25 M | USD 19.12 B | 20,000 | |
Consumer and SME loans are provided by Manappuram Finance. | 1992 | Valapad, Kerala, India | USD 39.98 M | USD 1.01 B | 51,650 | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,381 | |
Affordable home loans are extended to low and middle-income groups. | 2010 | Mumbai, Maharashtra, India | USD 209.7 M | USD 203.79 M | 1,630 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | – | USD 1.9 B | 36,520 | |
Financial solutions including loans and insurance are offered. | 2007 | Pune, Maharashtra, India | – | USD 15.24 B | 126 | |
Household and business loans are provided with risk management support. | 2006 | Chennai, Tamil Nadu, India | USD 283.47 M | USD 288.73 M | 1,100 | |
Online gold, home, personal, and business loans are provided. | 1995 | Mumbai, Maharashtra, India | – | USD 1.38 B | 38,720 | |
An online lending platform for point-of-sale financing is provided. | 2013 | Bengaluru, Karnataka, India | USD 205.92 M | USD 3.93 M | 499 |
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Related news about Varthana
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Frequently Asked Questions about Varthana
Varthana was founded in 2013.
Varthana is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Steve Hardgrave is the current CEO of Varthana. They have also founded this 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 Series C of $14.13M, raised on May 2013.
Varthana has 791 employees.
The primary company behind Varthana, Varthana Finance Private Limited, reported revenue of βΉ284 Cr for FY 2024, up 52% year on year.
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.
Varthana's top competitors include Auxilo, Neev Finance and Vidyashri.
Varthana has made 1 acquisition, including Indian School Finance Company.
Varthana has 45 investors. Key investors include Northern Arc Capital, Oxyzo, OfBusiness, Franklin Templeton, and Accion.
The valuation of Varthana is $128.56M as of Jun 2021.
Varthana operates through Varthana Finance Private Limited.