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Eruditus taps PEs, SWFs for $100-150 mn

Indian higher education startup Eruditus is seeking to raise $100-150m in funding from private equity and sovereign wealth funds, according to anonymous sources. The Mumbai-based company plans to issue new shares and some existing investors will also divest their holdings. Despite recent challenges in the edtech sector, Eruditus is confident in protecting its valuation after becoming a unicorn in 2021. It is working with investment bank Avendus to find investors and plans to use the funds for acquisitions and expansion. Eruditus offers executive-level courses in partnership with universities worldwide.

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Management education has gone online with a vengeance, fed by the pandemic and the emergence of edtech companies, and by employees looking to rise up the value chain

Eruditus aims to break even by June: Damera

The company is actively pursuing acquisition opportunities for its enterprise business, and edtech companies offering advanced courses in fields like law, journalism, and specialized commerce, Ashwin Damera said

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