Varthana, a non-banking finance company (NBFC) focused on the education sector, has secured about $3 million in funding from Dutch investor Triodos while healthtech startup Humors Tech has closed its pre-seed funding round.
Triodos invests $3m in Varthana
Varthana, a non-banking finance company (NBFC) focused on the education sector, has secured about $3 million (Rs 27 crore) in funding from Dutch investor Triodos Investment Management through non-convertible debentures (NCD).
The proceeds will be used by the startup to further expand its reach and support more schools and students in upgrading their infrastructure and educational foundation, it said in a statement.
Founded by Steve Hardgrave and Brajesh Mishra in 2013, Varthana operates across 16 states and union territories through 40 branches and 150 spokes. It claims to have financed more than 11,000 affordable private schools and facilitated over 16,500 loans for school expansion and renovation.
The company said it aims to make education accessible to over 10 million students by 2025.
Venture Catalysts leads funding in Humors Tech
Healthtech startup Humors Tech has secured Rs 2 crore in a pre-seed funding round led by Venture Catalysts, it announced on Tuesday.
Humors Tech will use the funds to fuel the growth of its flagship product, Respyr, a breath-based health screening device capable of early detection and routine monitoring of critical lifestyle disorders like diabetes, hypertension, heart, liver, kidney and respiratory issues.
“The funding will accelerate Respyr’s commercial launch, clinical validation studies, and expansion into global markets,” it said in a statement.
Humors Tech aims to reach a total addressable market (TAM) of 612 million individuals in India, starting with a serviceable available market (SAM) of 163 million health-conscious individuals.