Hotline: 1800 102 2007
X
Search Business Opportunities
Jan, 25 2018

Rao Edusolutions Bags Fund From Avendus Capital

Rao Edusolutions will use the credit to scale up its coaching services business and refinance existing loans, Avendus Finance.

Educational coaching services provider Rao Edusolutions Pvt. Ltd, which operates under the brand name Rao IIT Academy, has raised structured debt worth Rs 55 crore ($8.6 million) from Avendus Finance, the credit solutions arm of Avendus Capital.

Rao Edusolutions will use the credit to scale up its coaching services business and refinance existing loans, Avendus Finance.

Incorporated in 2013, Rao Edusolutions operates a chain of coaching centres for those who wish to join IITs and medical colleges. The company has a network of 27 centres spread across four states—Maharashtra, Delhi, Gujrat and Rajasthan with more than 5,500 students.

Vinay Kumar, promoter and chief executive officer of Rao Edusolutions said “Avendus Group has emerged as a partner, providing constant guidance and support.”

Sandeep Thapliyal, managing director and chief executive officer of Avendus Finance said “Kumar has demonstrated the ability to scale up the educational coaching business. His well-thought-out approach to future expansion has given us the confidence to help the firm accomplish the same”.

Avendus Finance, a subsidiary of Avendus Capital, was set up in November 2016. It specialises in providing customised structured credit solutions.

Comment
image
Related opportunities
  • Ice creams & Yogurt Parlors
    About Us: Nirula's is India's oldest fast food restaurant chain. Based..
    Locations looking for expansion Delhi
    Establishment year 1950
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: Be Your Own Boss So You Want to Be Your Own..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Tea and Coffee Chain
    About Us: Started in Delhi’s Lajpat Nagar, ‘How You Brewing’ is..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
  • Preschools
    About Us: Established in 2005, Humming buds is the first ISO..
    Locations looking for expansion Delhi
    Establishment year 2005
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 2130
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities