Avendus Finance lends structured debt of INR 550 mn to Rao Edusolutions Private Limited (RaoIIT).

Financing from Avendus helps provide the capital required to scale up our educational coaching business. In the course of the transaction, Avendus Group has emerged as a partner to us with their constant guidance and support stemming from leadership position in financial advisory business. I would like to specially thank Mr. Sandeep Thapliyal and his team for having closed the transaction in a record turnaround time of 3 weeks to support our business requirements and that gave them edge over other NBFC players in the market. We look forward to many more fruitful engagements with their franchise.

Mr. Vinay Kumar has built a solid business model in RaoIIT and has demonstrated his ability to scale up the educational coaching business. His detailed and well thought approach to future expansion has given us the confidence in his strategy and the financing will help him accomplish the same. This transaction reiterates our philosophy of backing high quality sponsors and sound business models.