Shik­sha Fi­nance to raise R13 crore

The Financial Express - - MONEY & MARKETS -

Shik­sha Fi­nan­cial Ser­vices In­dia is in ad­vanced stage of rais­ing R13 crore to fund their ex­pan­sion plans. The Chen­nai-head­quar­tered start-up has de­ployed ini­tial eq­uity cap­i­tal of R3 crore in school loans and stu­dent loans as­sets, and is now seek­ing to raise more funds. VL Ra­makr­ish­nan, co­founder and CEO, Shik­sha Fi­nance, said, “The re­sponse to our school loan prod­ucts has been over­whelm­ing and we are glad to be ad­dress­ing this huge gap in the sys­tem. Our two big­gest dif­fer­en­tia­tors are speed and sim­plic­ity. We strive to make money avail­able where it is oth­er­wise not avail­able.”

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