Eruditus makes education accessible and affordable to individuals, companies, and governments through short courses, degree programs, professional certificates, and senior executive programs. It collaborates with more than 80 universities across the United States, Europe, Latin America, Southeast Asia, India, and China to deliver its offerings. The company raised $150M in a Series F to fund growth and product investment. Eruditus plans to use the proceeds to invest in AI technology to enrich the learner experience, expand its business serving governments and enterprises, and deepen investments in India and the broader APAC region. The Eruditus Group employs more than 1,750 people globally and maintains offices in Mumbai, New Delhi, Shanghai, Singapore, Palo Alto, Mexico City, New York, Boston, London, and Dubai. The company emphasizes partnerships and program expansion to increase affordability and accessibility of education worldwide. Eruditus partners with leading universities (MIT, Columbia, Harvard, Cambridge, INSEAD, Wharton, UC Berkeley, IIT, IIM and others) to offer executive courses for working professionals. The firm has launched more than 100 courses in multiple languages and says it has educated over 250,000 individuals across more than 80 countries. Eruditus claims $185 million in revenue for FY21 and reported 120% year-on-year growth, estimating gross bookings of $500 million for FY22. The company is SoftBank-backed and led by Chaitanya Kalipatnapu and Ashwin Damera. Eruditus has pursued inorganic expansion, including a $200 million acquisition of Silicon Valley-based iD Tech to enter the K12 space. Management expects acquisitions to contribute up to 30% of top line and EBITDA over the next five years. Eruditus partners with over 30 top-tier universities, including MIT, Harvard, Columbia, Cambridge, INSEAD, Wharton, UC Berkeley, IIT, IIM and NUS, to develop and deliver executive-level courses. The company offers more than 100 courses priced between $5,000 and $40,000 and serves students in over 80 nations. It uses technology and data to create and deliver high-quality courses and focuses on upskilling amid rapid technological disruption. Eruditus plans to deploy the new funds to develop more courses and build new products. Financially, the ten-year-old Mumbai-based startup was valued at $3.2 billion in this round, up from about $700 million a year ago. The company counts Chan Zuckerberg Initiative and Sequoia Capital India among its existing backers. Eruditus partners with more than 30 top-tier universities to develop and deliver over 100 executive-level courses to students in over 80 nations. Course prices range from $5,000 to $40,000, and the company offers tailored learning and tracks course outcomes for learners. The Mumbai-based, 10-year-old company has offices in six countries, employs more than 650 people, and enrolled 50,000 students in the past 12 months. Partner universities named in coverage include MIT, Harvard, Columbia, Cambridge, INSEAD, Wharton, UC Berkeley, IIT, IIM and NUS. Eruditus raised new capital to further scale its business and reach more learners. It plans to use the funds to partner with more universities, expand in emerging markets, and invest in developing career-ready courses to address workforce needs. Eruditus is an Indian online education startup focused on offering online education. The company has raised $40 million in a Series C round. The round was led by Sequoia India and joined by existing investor Bertelsmann India Investments, according to the announcement. The article did not disclose product details, future plans, revenue, user metrics, or valuation. No other participating investors or financing terms were provided in the coverage.

Total raised

$1.3B

Funding rounds

7

Latest round

Series F

Latest activity

Oct 2024