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Shiksha Financial Services raises ₹55 crore

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Funds will be used for new offerings, expand management team

City-based education finance company Shiksha Financial Services India Pvt. Ltd. has raised ₹55 crore to provide financial aid to educational institutions and school children, said a top official.“The funds would be used to provide working capital to educational institutions and to parents as non-collateral loans to pay school education fees,” said V.L. Ramakrishnan, founder director and CEO, Shiksha Financial Services.

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