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Originally named SkillsDox, betterU has been working with Varshney Capital for the past two years. Involvement has included leading a significant pre-RTO round of financing, international contacts, and advisory services.

The goal of betterU is to ensure that the best online education is made available throughout India to provide and enhance the education and skills necessary for employment or career advancement.  Delivery of the online content is managed directly by betterU, along with business development, marketing, technical maintenance, ongoing support, learner registration and payment collection.  Educational content for the online programs is provided by independent educators who will share in the revenue generated from customers.



Varshney Capital has partnered up with Vancouver coffee entrepreneur Darren Footz to commercialize the world’s first 100% compostable, biodegradable patented single-serve coffee pod, the G-KUP. The G-KUP is the first Keurig-compatible single serve coffee pod made from readily renewable materials. The innovative use of readily renewable materials combined with a dynamic design maintains the taste and integrity of the coffee. G-KUP Coffee provides a rich, great tasting, fully compostable product that will satisfy the consumer’s desire to brew a single-serve hot beverage in a sustainable & environmentally friendly way. The future plans include products for other convenience food packaging such as ketchup, peanut butter, butter, jam & margarine.



In 2003, the Varshney family & Feller family co-founded mogo.ca, Canada’s largest online unsecured consumer lending company. Mogo is bringing social responsibility, accessibility & even a little fun to financial services. Mogo is a diverse team of thinkers & doers focused on bringing some creative destruction to a world dominated by banks, hidden fees & old ways of doing things. By leveraging technology & design, Mogo is building a financial brand that’s transforming the way Canadians access, manage & control credit. The company makes financial products for everyday life that we ourselves would want to use. Convenience, transparency & simplicity are things that Mogo values. On June 25th, 2015, Mogo successfully completed its $50 million IPO on the TSX Exchange TSX: MOGO

VDCVenture Development Canucks


At VDC, we contract with companies through retainer & then work on specific strategic tasks that utilize our global contacts through years of international business & experience with organizations like TiE, EO, YPO, WPO & CEO. We assist with strategic planning, capital raise, sales & marketing / business development, country expansion, board or advisory boards assembly & deploying capital into the ventures.

Westbay Ventures Inc.


Westbay Ventures Inc. is a publicly listed company actively seeking a project of merit.

Bluerock Ventures Corp.


Bluerock Ventures Corp. is a publicly listed company actively seeking a project of merit.

E3 Metals Corp.


E3 Metals is a lithium “petro-brine” exploration and development company focusing on the Clearwater and Exshaw Projects covering the Leduc reservoir in south-central Alberta.

Trigen Resources Inc.


Trigen Resources Inc . has entered into a Letter of Intent dated September 13, 2017 with Bliss Co Holdings Ltd., a private corporation existing under the laws of Canada, with its head office in Vancouver, British Columbia.

Resource Exploration 

mpvMountain Province Diamonds


Mountain Province is a publicly listed diamond mining company (TSX: MPVD).  The company is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine located in Canada’s Northwest Territories. Gahcho Kué is the world’s largest new diamond mine and projected to produce an average of 4.5 million carats a year over the projected 12 years of the first phase of mine development.

Varshney Capital Corp. was involved in the financing which lead to the drilling of the “discovery” hole on the project. Through its joint venture with De Beers, the company is well placed to capitalize from the experience of the world’s leading international diamond producer. Canada is now the third largest and most politically stable diamond producing country.

The Gahcho Kué project consists of a cluster of four diamondiferous kimberlites, three of which are being developed in the first phase of mining and have a probable mineral reserve of 35.4 million tonnes grading 1.57 carats per tonne for total diamond content of 55.5 million carats. Mountain Province intends to maximize shareholder value through the optimal operation of the Gahcho Kué mine.

Canada Zinc Metals Corp.canadazinc


Canada Zinc Metals is a publicly listed (TSXV: CZX) mineral exploration company focused on unlocking the potential of a future long life mining district in British Columbia, Canada. The Company is the dominant land holder in a world class mineral belt called the Kechika Trough which hosts in excess of 80 million tonnes of base metal resources.

Canada Zinc Metals owns a total of 77,855 hectares in 235 mineral claims which extend northwestward from the Akie property for a distance of 140km.

The Company has outlined a NI 43-101 compliant mineral resource at its flagship Akie property, including an indicated resource of 12.7 million tonnes grading 8.4% zinc, 1.7% lead and 13.7 g/t silver (at a 5% zinc cut-off grade) and an inferred resource of 16.3 million tonnes grading 7.4% zinc, 1.3% lead and 11.6 g/t silver (at a 5% zinc cut-off grade). Using this estimate, the deposit contains 2.35 billion pounds of zinc, 471.8 million pounds of lead and 5.6 million ounces of silver in the indicated category, and 2.65 billion pounds of zinc, 482.2 million pounds of lead and 6.1 million ounces of silver in the inferred category (at 5% zinc cut-off). The deposit remains open in all directions. Tongling Nonferrous Metals Corp, Teck Resources and Korea Zinc are significant shareholders of the Company. Teck Resources and Korea Zinc have also entered into an option agreement with Canada Zinc Metals in relation to 3 of the Company’s Kechika Resgional Properties.

minaeanMinaean SP Construction Corp.


Minaean is a publicly listed company (TSXV: MSP). The controlling stake of the company is taken over by one of India’s largest construction conglomerates, Shapoorji Pallonji & Co. (SP Group). SP Group’s annual revenues exceed US$ 2.65 Billion through multifaceted interests ranging from construction of high rises, infrastructure, health care and hospitality. Its subsidiaries are involved in the execution of contracts for the construction of sea ports, refineries, railways, tunnels, renewable energy and water purification. MSP intends to leverage its high level network in the Americas and Africa for business development and execution of contracts with SP Group’s managerial, technical and financial support, creating a successful growth and profit oriented business model.

MSP’s Indian subsidiary, Minaean Habitat (India) Pvt. Ltd., is well positioned to market and execute affordable housing contracts using its trade marked “Artisan Quik-Build” steel framing system in an environment where there is a shortage of millions of homes. MSP’s Modular Building system which came to the forefront in India with the production, supply and installation of retail shop buildings for Shell gas stations, are widely being used by India’s National Thermal Power Corp. and other government institutions.

With SP Groups’s support, MSP will be developing large housing contracts on a government to government basis with the support of Canadian Commercial Corp. in African and South American countries. MSP’s journey to acheive the status of a corporate leader in British Columbia, Canada, is moving forward.

Past Projects

MTT Innovationmtt innovation


MTT Innovation Inc. is a technology company based in Vancouver, Canada that develops next-generation projection technologies for use in entertainment markets such as cinema and home entertainment. Its technology includes applied imaging algorithms, high dynamic range, advanced color science and specialized hardware development.

Using its specialized technology, MTT developed the world’s first High Dynamic Range (HDR) projector. The projector is cost effective, and results in bright, scalable, high contrast video projection. Current cinema projectors have low black levels, underwhelming image quality, are comparatively dim and power hungry. MTT’s technology is 20x brighter, provides deep blacks, has a >100,000:1 colour contrast, is scalable to high power and provides the best realism.

Within one year of working with Varshney Capital, MTT was acquired by Barco for a very significant return.

clearlyCoastal Contacts Inc.


We were the first outside investors in the global leading retailer of contact lenses and glasses when the business was doing $2.5 million in revenues.  In 2013, the company did $218 million in revenues & in February 2014 was sold to Essilor International SA for $435 million.

Carmanah Technologies CorporationPicture1


Carmanah Technologies Corporation (TSX: CMH), a publicly listed company based in Victoria, BC, is the largest solar-powered LED lighting company in Canada.  Delivering tough, reliable solutions that are deployed in mission-critical applications around the world, Carmanah solar technology is trusted by some of the most demanding customers in the world.  The US Coast Guard, NASA, international military organizations & municipalities around the world have chosen Carmanah solar technology for their operations.

Carmanah has been the recipient of numerous industry & corporate awards over the years including “Company of the Year” at the British Columbia Technology Industry Association 2007 Technology Impact Awards.

In 2001, Varshney Capital engaged with Carmanah and through a reverse takeover listed the company.  During our tenure with the company, $40 million of financings were raised including a bought-deal for $15 million.  Carmanah also acquired 2 companies which helped grow the business at an annual average growth rate of 70% over 5 years.  The market capitalization started at $14 million and at its peak was $160 million (the share price went from $0.50 to $4.20).

Picture15International Thunderbird Gaming Corporation

Thunderbird was a manufacturer of video gaming terminals having revenue share deals with many of the Native Indian tribes in the state of California. Currently, it is one of the largest owner and operators of casinos in the Latin and South American markets.

The principals of Varshney Capital were co-founders of the business in August 1994. The company grew in 3 years from a startup with a handful of employees to over a hundred employees with $35 million in revenues, EBITDA of $12.8 million and $5.9 million of net income (post-tax). At its peak, Thunderbird’s market capitalization on the TSE was $140 million.

In 1997, the company ranked No.489 in the Financial Post Top 1000 companies in Canada and No.70 in Business in Vancouver’s Top 100 public companies in BC.

Two financings of note:

In 1994, the company’s first significant financing was a $3 million private placement at $1 per unit with a listed tradeable warrant. Within 2 years, the common shares were trading at $6 and the warrant was trading for $4.15 making the $1 investment worth $10.15.
In 1995, the company completed the first listed convertible debenture in the history of the Vancouver Stock Exchange. The $5 million bond paid a 10% coupon and from its initial trading price of $100 reached a peak of $300 in just over a year.

Axion Communication Inc.

In 1995, VCC co-founded Axion Communications Inc., one of the first Internet Service Providers in Vancouver, BC.  We consolidated 3 other ISPs in an M&A rollup play & sold to Uniserve Communications in 2005.  The company had listed on the TSX Venture Exchange at $0.25 & was sold for $3/share.

America Mineral Fields Inc.

In 1995, Varshney Capital principals formed America Mineral Fields Inc. (“AMZ”) with Jean-Raymond Boulle and other management from Diamond Fields Resources Inc. (“DFR”). Shortly thereafter, DFR sold its Voisey Bay, Newfoundland nickel project to Inco Limited for $4.3 billion in the summer of 1996.

AMZ has significant resource projects in the Democratic Republic of Congo, including the historic Kipushi mine, a high grade zinc-copper deposit, and the Kolwezi Tailings reclamation project, one of the world’s largest and lowest-cost sources of cobalt as well as a major source of copper.

During 1996, AMZ completed a $30 million financing, listed on the TSE and had a peak market capitalization of over $500 million. This represented a share price going from $0.08 to a pre-split high of $30.