Page 5 - Ashwin Damera News Today

The month-long bootcamp sessions, as part of Leap To Unicorn, were a definitive guide to building and scaling a successful early stage startup.

The month-long bootcamp sessions, as part of Leap To Unicorn, were a definitive guide to building and scaling a successful early stage startup

As valuation markdown continues plaguing Indian unicorns, edtech unicorn Eruditus has joined the growing list

The decrease in value of the US fund's stake in the edtech company has resulted in Eruditus being valued at $2.9 billion, which is a decline from the $3.2 billion valuation when it raised $650 million in August 2021.

Dhamera grew up in Chennai. He became a chartered accountant in 1999.

The past few months have seen edtech companies shift focus towards profitability, rationalization of spending, slowing growth projections, and a change in strategies. SoftBank-backed Eruditus is no ......

The most-valued edtech startups, including unicorns and soonicorns, ended up bloating their expenses as much as 91% YoY to $870 Mn in FY22

According to Inc42's Edtech Report 2022, hit by funding winter, the investment in the sector returns to pre-pandemic levels.

This is the time that demands edtech startups to be wary of our new initiatives, capital expenditure, and reckless cash burns: Eruditus CEO

Eruditus, which turned a unicorn in August 2021, reported operating revenue of $245.2 Mn in FY22 as against $131.2 Mn in FY21