Capital India To Invest $25 Million in Credenc Giving Loans for Schooling, Higher Education

 - Capital India is investing $25 million in Education lending fintech Company Credenc, based in Delhi 

- Credenc founded by Avinash Kumar and Mayank Batheja in 2017 offers loans in schooling, higher education, online upskilling

- The $25 million investment is a combination of debt and equity - The amount of stake acquired was not revealed

- Credenc will soon start India's first student focussed Neo Bank - Credenc's founders will continue to run operation 

- Capital India said "we don't want to disrupt the working of the organisation and believe the founders know the business best"

- India annually spends College fees $50 billion out of which only 5% is funded by organised lender

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