This capital infusion is earmarked to fuel Varthana's expansion initiatives, aimed at broadening its reach and bolstering infrastructure support for schools and students across India. Founded in 2013 by Steve Hardgrave, Varthana Finance operates as an NBFC, extending credit to low-budget private schools and higher education students.

Despite its commendable efforts, Varthana witnessed a decline in revenue over the last two fiscal years, with figures dropping from Rs 211 crore in FY21 to Rs 183 crore in FY23. Triodos Investment Management, headquartered in the Netherlands, focuses on impact investing across sectors such as food, resources, energy, societal welfare, and wellbeing. As a subsidiary of Triodos Bank NV, Triodos Investment Management operates globally, aligning its investments with sustainable and impactful initiatives worldwide.