Chennai-based edtech firm Veranda Learning Solutions has secured Rs 357.42 crore funding through its first Qualified Institutional Placement (QIP). According to a regulatory filing, the QIP opened on July 17 and closed on July 22, attracting strong interest from both Indian and global institutional investors.
In total, the company issued about 1.58 crore equity shares at Rs 225.20 per share. This price represents a discount of 4.95% to the floor price of Rs 236.92 set under SEBI regulations.
Veranda Learning Funding
Among the investors, Authum Investment became the largest buyer, picking up nearly 45% of the offered shares. Singapore-based Necta Bloom VCC acquired over 11%, while Trust Mutual Fund, Resonance Opportunities Fund, and Saint Capital Fund also participated.
Veranda’s board approved the final share allocation during a meeting held on Tuesday. After the QIP, the company’s paid-up equity capital rose to Rs 93.60 crore from Rs 77.73 crore, increasing the number of outstanding shares from 7.77 crore to 9.36 crore.
Plans Debt Reduction
Chairman and Executive Director Suresh Kalpathi shared that Rs 310 crore of the funds raised will be used to pay down existing debt, including a facility from Ascertis Credit. The remaining amount will go towards strategic investments across the company’s learning verticals, though further details were not disclosed.
The fresh capital is expected to strengthen Veranda’s position in the competitive Indian edtech market, where investor interest is returning to integrated, outcome-focused education providers.
Focuses on Expansion
Founded in 2018 by the Kalpathi AGS Group, Veranda Learning offers a mix of online, offline, and hybrid programs. Its portfolio includes coaching for government service exams, finance certifications, study abroad consulting, and professional upskilling.
The company aims to combine test preparation with skill-building and career-focused training to meet diverse learner needs. Systematix Corporate Services served as the sole book-running lead manager for the QIP.
By reducing debt and investing in growth, Veranda Learning plans to deepen its footprint and deliver better outcomes for students across India.
