Veranda XL Learning Solutions Private Limited announced that it will receive INR 125 million in a round of funding on March 21, 2024. The transaction will include participation from new lender Veranda Learning Solutions Limited. The company will receive funding in one or more tranches.

The company will issue INR 3,100 million Senior, Secured, Redeemable and Unlisted Non-Convertible Debentures in 4 series. The transaction has been approved by the board of directors of the investor. The debt will mature on February 1, 2029.

The coupon payment for 9.75% per annum until expiry and 11% per annum after the expiry.