Founded in 2018, Veranda is engaged in the business of offering diversified and integrated learning solutions in online, offline & hybrid blended formats to students, aspirants, graduates, professionals & corporate employees. Veranda operates a technology-driven, asset-light & scalable business model and provides a wide range of learning solutions through various courses including competitive exam preparation courses, professional courses, short-term upskilling & reskilling courses
BPEA Credit (BPEA) facilitated the debt arrangement to support the growth and expansion plans of the company.
Mr. Kalpathi S Suresh (Chairman & Executive Director) remarked, “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.”
Ms. Saradha Govindarajan (Chief Financial Officer) added, “We are extremely delighted about our association with Anand Rathi Advisors for this fundraise. They surpassed the expectations with their exemplary diligence, networking prowess, and proactive approach and helped facilitate the timely closure of the transaction for the company. We look forward to their continued dedication and enthusiasm in our future fundraising endeavors.”
Speaking on the transaction, Mr. Samir Bahl (CEO, Anand Rathi Advisors) commented, “As bankers to the Veranda Group, we are privileged to arrange this round of funding for the company that will support the organization’s growth strategy. We are happy to contribute to their endeavor to deliver top-tier education to a diverse array of learners, and we eagerly anticipate the positive impact it will have on shaping the future of education.”
Mr. Atul Thakkar (Director – Anand Rathi Advisors) remarked, “Our steadfast commitment to the education sector is epitomized through our recent collaboration with Veranda on their debt deal. We stand poised to continue empowering Veranda’s vision, fostering growth, and forging enduring partnerships for mutual success. We are honored to play a key role in their journey towards empowering learners and transforming lives.”