Shiksha Financial Services is an NBFC founded in 2014 that provides loans to affordable private schools and to middle- and lower-income families to finance school fees. The firm offers loans in the range of $500,000 to $10 million (Rs 5 lakh to Rs 1 crore) to affordable private schools for infrastructure development, and it secures family loans through social collateral with scheduled repayments. It currently operates in three states. Management says the firm intends to scale up faster and target broader outreach, including semi-urban areas, with a stated goal of supporting the educational needs of a 200+ million school student population. Recent financings have bolstered its balance sheet and expansion plans. The company has attracted both private equity and impact investors in prior rounds. Shiksha Finance is a Chennai-based education finance company. The company secured ₹55 crore (about $7.7m) in a reported funding round. The round was led by private equity fund Zephyr Peacock India Growth Fund. The funding was disclosed by a senior executive to the reporting outlet. The article does not provide details on the round's instrument, valuation, or other participating investors. No revenue, user metrics, founding year, or future plans were included in the report. Shiksha Financial Services India Pvt Ltd provides loans to private schools in urban and semi-urban areas to help improve their education infrastructure. The company raised about ₹6.6 crore ($1 million) from Aspada Investment Company with co-investment from the Michael & Susan Dell Foundation. Shiksha will use the funds to strengthen its technology backbone, launch more products, and expand into new markets. Aspada said the investment will enable the company to provide loans to over 2,300 schools in the next three years. The financing supports the company’s planned growth and product expansion within India.

Total raised

$13M

Funding rounds

3

Latest round

Debt Financing

Latest activity

Oct 2019