Edtech Giant Eruditus Secures $150 Million in Latest Round

Ashwin Damera, Eruditus Co-Founder

Mumbai-based edtech startup Eruditus has secured $150 million in a Series F funding round, maintaining its valuation at $3.2 billion post-money. The round was led by TPG’s global impact platform, The Rise Fund, which contributed $100 million. Other key investors in this round include SoftBank Vision Fund 2, Leeds Illuminate, Accel, CPP Investments, and the Chan Zuckerberg Initiative, with SoftBank injecting an additional $20 million.

According to Eruditus, the fresh capital will be directed toward expanding its operations in India and the APAC region, enhancing student experiences, and investing in AI-driven technology. The company also aims to explore new acquisitions and generate significant business growth.

Eruditus, through its brand Emeritus, offers a wide range of educational programs, including short courses, degrees, and professional certificates. These programs have reached over 350,000 individuals across more than 80 countries.

Co-founder Ashwin Damera revealed that the company is on track to achieve Rs 5,000 crore in revenue by fiscal year 2025, with Rs 300 crore in EBITDA. He noted that while fundraising took longer than anticipated, the process provided insights into global investor concerns, particularly about the education sector and corporate governance in India.

Source: Startup Rise