Veranda Learning Announces INR 425 Cr Funding Through NCD

Veranda Learning, a listed enterprise offering end-to-end solutions in the education space, has announced that it has received approval to raise funds of up to INR 425 crore through the issuance of Non-Convertible Debentures (NCDs) to funds managed and arranged by BPEA Investment Managers Private Limited (BPEA Credit). This strategic move aims to fuel the company’s growth trajectory by financing acquisitions, refinancing existing loans, and bolstering working capital requirements.

Veranda Learning, started in 2018 by the Kalpathi AGS Group, provides a wide range of training programmes for competitive exam preparation, including State Public Service Commission, Banking, Insurance, Railways, IAS, and CA, as well as a variety of professional skilling and upskilling programmes. The platform integrates technology, processes, and methodologies to deliver high-quality, in-depth, personalized learning opportunities and content to students nationwide.

The organization offers services through several brands, including Veranda RACE, Veranda IAS, Edureka, Six Phrase, Veranda HigherEd, Edureka Learning Centre, SmartBridge, BAssure, Talent Academy, Talent Publications, PHIRE, Sreedhar’s CCE, JK Shah Classes, VerandaK12, and Logic School of Management.

Commenting on the latest development, Suresh Kalpathi, Executive Director & Chairman of Veranda Learning, said:

This decision aligns with Veranda Learning’s strategic vision to further solidify our position as a leader in the education space. The proceeds from the NCD issuance will be instrumental in supporting our expansion plans, enabling us to pursue strategic acquisitions, enhance operational efficiencies, and drive long-term value creation for our stakeholders.

Veranda Learning remains focused on driving innovation, expanding its reach, and delivering value-added solutions to its customers while consistently delivering strong operating margins. The firm’s strategic decision to raise debt through NCDs underscores its confidence in the education sector’s future growth prospects and its ability to capitalize on emerging opportunities.

Speaking on this association, Ms Kanchan Jain, Head of BPEA Credit Group, commented:

We are pleased to partner with Veranda Group, a leader in India’s education space, to support initiatives that transform education delivery and enhance access to quality education, thereby creating a lasting impact. This investment aligns with our Fund’s objective of participating in growth-oriented businesses and partnering with industry leaders by providing bespoke capital solutions.

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