A consortium of private equity players BPEA, EQT and Chris Capital are taking Cradilla off HDFC's hands. That makes the education loan company a nearly 1.25 billion dollar unicorn. As of FY21, nearly 40 million Indian students were enrolled in higher education courses across UG, PG and Diploma programs.
In today’s episode for 22nd June 2023, we explain why international private equity firms are interested in the Indian education loan business.