Michael & Susan Dell Foundation pumps $1mn into Shiksha Fina

Chennai-based school financing company Shiksha Financial Services India Private Limited has today raised $1 million (Rs 6.7 crore) from the Michael & Susan Dell Foundation in a round that also saw participation from the Aspada Investment Advisors. Incorporated in 2014, Shiksha Finance is an award-winning NBFC that provides loans in the range of Rs 5 lakh– Rs 1 crore to affordable private schools, as well as smaller loans to middle- and lower-income families that find it difficult to fund their children’s education. They finance school-going children from kindergarten to Class XII,…

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