Veranda Learning Solutions has announced a significant milestone in its growth journey with plans to raise up to ₹250 crores through a preferential issue. This funding marks a crucial step in Veranda’s strategy to scale operations, strengthen its leadership in education, and enhance its offerings across key domains: Academics, Commerce, Government Test Preparation, and Study Abroad.
As part of its expansion strategy, Veranda Learning intends to acquire a 51% stake in BB Publications Private Limited (BB Virtuals) for ₹126.2 crore and a 65% stake in Navkar Digital Institute Private Limited for ₹45.5 crore. These acquisitions aim to bolster Veranda’s offerings in chartered accountancy (CA) and cost and management accountancy (CMA) coaching, reinforcing its position in commerce education across India.
BB Virtuals, founded by CA Bhanwar Borana, is a prominent online CA preparation platform known for producing over 500 rank-holders and guiding more than 200,000 students. Navkar Institute, led by educator Hiteshkumar Shah, is a leading offline CA/CMA coaching provider in Gujarat with over 17 years of excellence in professional education.
These acquisitions will be integrated with JK Shah Classes, which Veranda acquired in 2023, to enhance its CA/CMA/ACCA portfolio. The commerce vertical is projected to achieve an EBITDA of ₹120 crore for FY25 and is expected to reach ₹100 crore at the PAT level in FY26.
Veranda Learning is also planning a corporate restructuring to align its operations with its four-pillar strategy: Academics, Commerce, Government Test Preparation, and Study Abroad. This restructuring aims to improve operational efficiency and strategic focus, facilitating the scaling and monetisation of each segment.
Executive Director and Chairman of Veranda Learning, Suresh Kalpathi, stated, “We are thrilled with the robust response to the private placement driven by marquee investors. This successful fundraising equips Veranda with a robust capital base to drive our next phase of growth and demonstrates the confidence of investors in the vision and our growth potential.”
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Pravin Menon, CMO of Veranda Learning Solutions, posted on LinkedIn: “We at Veranda Learning are excited to announce our partnership with BB Virtuals and Navkar Institute. This partnership will strengthen our Commerce Education Portfolio by integrating with JK Shah Classes.”
These strategic initiatives highlight Veranda Learning’s commitment to expanding its educational offerings and solidifying its leadership in the Indian education sector.
