When was Varthana founded?

Varthana was founded in 2013 and raised its 1st funding round within a year of its incorporation.

Where is Varthana located?

Varthana is headquartered in Bengaluru, India. It is registered at Varasiddhi, 3rd Floor, No. 5BC-110 Service Road, 3rd Block HRBR Layout, Bangalore, Bangalore, Karnataka, India, 560043.

Who is the current CEO of Varthana?

Steven Edwin Hardgrave of Varthana. They have also founded 1 company.

Which legal entities is Varthana associated with?

Varthana is associated with VARTHANA FINANCE PRIVATE LIMITED.

How many employees does Varthana have?

As of May 31, 2025, the latest employee count at Varthana is 765.

Is Varthana a funded company?

Varthana is a funded company, having raised a total of $89.5M across 20 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 06, 2013.

How much is Varthana worth?

The latest valuation of Varthana is $***** as of Jun 28, 2021. This marks a decline of 2% from its peak valuation of $130M in May, 2013. This marks a decline of 2% from its peak valuation of $130M in May, 2013.

When was the latest funding round of Varthana?

Varthana's latest funding was a $***** Conventional Debt round on Jan 08, 2026, with participation from 3 investors. Its primary sector is Consumer and SME Loans. In India, the Consumer and SME Loans sector has seen $2.43B in funding in 2026 to date.

What is the annual revenue of Varthana?

Annual revenue of Varthana is between ₹100 Cr and ₹500 Cr as on Mar 31, 2025

Where does Varthana rank among its competitors?

Varthana ranks 5th amongst 111 active competitors, of which 10 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Arvog, which secured $5.25M in Jul, 2026.

Who are the top competitors of Varthana?

Varthana's top competitors include Auxilo, Avanse Financial Services and Home Credit. Among them, Arvog secured the most recent funding round in July, 2026.

Varthana - 2026 Company Profile, Team, Funding, Competitors & Financials

Varthana is a series C company based in Bengaluru (India), founded in 2013 by Brajeshkumar Sirishkumar Mishra and Steven Edwin Hardgrave. It operates as a Provider of school and student loan solutions. Varthana has raised $89.5M in funding from investors like Omidyar Network, ChrysCapital and Accion, with a current valuation of $*****. The company has 111 active competitors, including 10 funded and 11 that have exited. Its top competitors include companies like Auxilo, Avanse Financial Services and Home Credit.

Company Details

Provider of school and student loan solutions. Its loan are custom built to suit the wide range of projects that help school leaders unlock the schools potential, as well as for college going students for the educational goals. It also support students in excelling in the studies for the dream careers.

Website: varthana.com
Social
Email ID: *****@varthana.com
Phone Number: +91 **********
Registered Address: Varasiddhi, 3rd Floor, No. 5BC-110 Service Road, 3rd Block HRBR Layout, Bangalore, Bangalore, Karnataka, India, 560043

Key Metrics

Founded Year

2013

Location

Bengaluru, India

Stage

Series C

Total Funding

$89.5M in 20 rounds

Latest Funding Round

Conventional Debt, Jan 08, 2026, $*****

Post Money Valuation

$***** as on Jun 28, 2021

Investors

Omidyar Network & 58 more

Ranked

5^th among 111 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

765 as on May 31, 2025

Investment & Acquisitions

Indian School Finance & 1 more

Similar Companies

Avanse Financial Services & 54 more

View Varthana's full profile

Varthana is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
VARTHANA FINANCE PRIVATE LIMITED CIN: U65923KA1984PTC096528 , India, Active	Jun 12, 1984	₹100 - ₹500 Cr (As on Mar 31, 2025)	753 (As on Aug 01, 2025)

Varthana has raised a total funding of $89.5M over 20 rounds. Its first funding round was on May 06, 2013. Its latest funding round was a Conventional Debt round on Jan 08, 2026 for $*****. 3 investors participated in its latest round. Varthana has 39 institutional investors and 20 angel investors.

Here is the list of recent funding rounds of Varthana:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 08, 2026	1318305	Conventional Debt	6521937	2312188	5837547	6328803
Jul 09, 2025	1155229	Conventional Debt	2444263	3477639	9278265	Blue Earth Capital & 2 more
Apr 17, 2025	5386586	Conventional Debt	8253656	4567479	6392386	OfBusiness & 1 more

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View details of Varthana's funding rounds and investors

The founders of Varthana are Brajeshkumar Sirishkumar Mishra and Steven Edwin Hardgrave. Steven Edwin Hardgrave is the CEO of Varthana.

Here are the details of Varthana's key team members:

Brajeshkumar Sirishkumar Mishra: Co-Founder of Varthana. They serve on the boards of 2 companies.
Contact Info: 1 email address and 1 phone number
Steven Edwin Hardgrave: Co-Founder & CEO of Varthana. They serve on the board of 1 company.
Contact Info: 1 phone number

Varthana's Board of Directors

Varthana's board has 13 active members. Brajeshkumar Sirishkumar Mishra, Steven Edwin Hardgrave, Anuradha Ramachandran, Sunil Satyapal Gulati, Ankit Singhal, Nirav Avinashbhai Khambhati, Nandita Ganapathy, Ashish Agrawal and Sunil Satyapal Gulati are part of team and Anand Sudarshan, Ramanathan Kumar, Brahmanand Hegde and Divya Venkatavaraghavan are independent board members.

Here is the list of Varthana's board of directors:

Name	Type	Representing	Status	Duration
Brajeshkumar Sirishkumar Mishra	Team	-	Current	1y 1m
Steven Edwin Hardgrave	Team	-	Current	13y 11m
enx{auj	Team	-	Past	1y 5m
Anuradha Ramachandran	Investor	Omidyar Network	Current	9y 0m
Ankit Singhal	Investor	-	Current	3y 9m
cszx{hw	Investor	lchqtt{	Current	4y 5m
qpcawva	Investor	saflwvv	Current	6y 9m
mylfela	Investor	kwwzzdj	Past	9y 2m
szhikxq	Investor	mypzogz	Past	8y 3m
ijzay{j	Investor	zgmqmem	Past	8y 7m
lvlozw{	Investor	sbygrwt	Past	5y 4m
zgvyz{c	Investor	-	Past	9y 3m
apodfrl	Investor	qtnjiir	Past	1y 6m
qnhudtc	Investor	kl{efso	Past	9y 1m
zkzdzkr	Investor	-	Past	6y 5m
eskupxv	Investor	-	Past	8y 4m
Anand Sudarshan	Independent board member	-	Current	10y 11m
yvsbt{c	Independent board member	-	Current	1y 8m
mnxgurh	Independent board member	-	Current	1y 4m
x{touyr	Independent board member	-	Current	1y 9m
iuxezgr	Independent board member	-	Past	4y 2m
npggxx{	Independent board member	-	Past	8y 9m
z{mhxri	Independent board member	-	Past	2y 5m
{ilhehe	Independent board member	-	Past	4y 2m

View details of Varthana's Founder profiles and Board Members

Varthana's employee count trend

Varthana has 765 employees as of May 25. The total employee count is the same as what it was in May 24. Here is Varthana's employee count trend over the years:

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Top competitors of Varthana include Auxilo, Avanse Financial Services and Home Credit. Here is the list of Top 10 competitors of Varthana, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Auxilo 2017, Mumbai (India), Series C	Provider of financial products focused on education loans and related services	$127M	ICICI Bank, Balrampur Chini Mills & 20 others	71/100
2nd	Avanse Financial Services 1992, Mumbai (India), Acquired	Provider of financial services for education including loans and refinancing	$300M	IFC, Om Procurment Project & 36 others	69/100
3rd	Home Credit 2012, Gurugram (India), Acquired	Chains providing consumer finance products and credit solutions	-	Premji Invest	69/100
4th	CreditWise Capital 2018, Mumbai (India), Series A	Provider of technology driven consumer finance and vehicle insurance products	$36.4M	Trident Growth Partners, Finworld Management ... & 80 others	67/100
5th	Varthana 2013, Bengaluru (India), Series C	Provider of school and student loan solutions	$89.5M	Triodos Investment Management, ChrysCapital ... & 57 others	65/100
6th	Kaabil Finance 2017, Jaipur (India), Seed	Online platform for consumer and business loans	$3.98M	2Point2 Capital, DCB Bank & 16 others	64/100
7th	Arvog 1984, Mumbai (India), Acquired	Provider of gold loans and personal loans to individual borrowers	-	Franklin Templeton India	60/100
8th	Shriram Capital 1974, Chennai (India), Series E	Provider of vehicle and auto loans	$851M	Novus, TPG & 20 others	59/100
9th	Shalibhadra Finance 1992, Mumbai (India), Public	Provider of two wheeler and consumer durable loans focused on rural & semi-urban of Gujarat, Maharashtra & Madhya Pradesh	-	-	49/100
10th	Kuhoo 2021, Mumbai (India), Seed	Provider of financial products designed to fund student educational expenses	$22.6M	Konark Trust, WestBridge Capital & 3 others	48/100

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Founders own 0.07%, Funds (largest shareholder) own 80.46%, Parent Entities own 10.49% and Enterprises own 3.23%. The net worth of Varthana's founders is INR 66.5L as of Jun 28, 2021.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	0.07%	66.5L	0	0	0	0
Steven Edwin Hardgrave	0	0	0	0	0	0
Fund	80.46%	768Cr	2457734	4260453	9903982	9862657
Parent Entity	10.49%	100Cr	2638426	1353103	4909876	6556283
Enterprise	3.23%	30.9Cr	664	261	183	166
Angel	2.32%	22.1Cr	25	87	78	87
ESOP Pool	3.44%	32.8Cr	556	978	990	692
Total	100.00%	955Cr	1846290	2320473	3426337	1248355