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Shiksha Financial Services India Pvt Ltd, which provides loans to private schools in urban and semi-urban areas to improve their education infrastructure, has raised about ₹6.6 crore ($1 million) from Aspada Investment Company with co-investment from Michael & Susan Dell Foundation.
Shiksha will use the money to strengthen its technology backbone, launch more products and expand into new markets.
It will enable the company to provide loans to over 2,300 schools in the next three years, according to a press release from Aspada Investment.
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