Shiksha Finance to raise R13 crore

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.”