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ERUDITUS VALUATION
Edtech unicorn Eruditus closes $150-million loan refinancing deal from Mars Growth Capital and HSBCEruditus secured the deal led by MARS Growth Capital, a joint venture between Liquidity and MUFG Bank, and HSBC. This round comes after a $...- Eruditus FY24 Ebitda loss narrows, founder cites focus on profitabilityEruditus was among the few edtech startups to have raised capital last year. It raised $150 million at a flat valuation of $3.2 billion pos...
- ETtech Deals Digest: Startups raise $1.15 billion in October, up 59% on yearThe funding was raised by startups, mostly in the early and late stages, through 86 rounds.
- ETtech Deals Digest: Startup funding rises 84% on-year to $534 million this weekThis week startups, across seed, early and late-stage rounds, raised funds through 28 deals, compared to 33 deals in the year-ago period.
- Eruditus raises $150 million led by TPG Rise, company to flip domicile to India from SingaporeEruditus has emerged as the largest Indian edtech firm by revenue with Rs 3,800 crore in FY24. It is on track to clock over Rs 5,000 crore ...
- NBFC co-lending biz under scrutiny; P2P startups eye revampHappy Friday! Fintechs with co-lending partnerships may face stress after RBI's action on Navi and DMI Finance. This and more in today’s ET...
- Eruditus joins queue of reverse flips by Indian startups, weighs IPOEdtech unicorn Eruditus is planning a shift in domicile from Singapore to India, or reverse flipping, and joins the growing list of Indian ...
- Eruditus plans India flip; Ayodhya boost for spiritual appsIndian IT majors are eyeing upcoming US federal contracts as several large deals are set for renewal in the next two quarters. While it is ...
- Skills for All: Bertelsmann Investments hosts Eruditus’ CEO for a Brunch Labs podcast on Building the world’s largest skilling platform, together!Makkar's message to Eruditus was unequivocal: "To unlock real growth and scalability, you need to embrace the online realm," shared Ashwin ...
- Exclusive: Apple seeks ‘concrete reason’ to take down banned betting apps; Silicon Valley’s Tribe Capital eyes $250 million India fundApple has told the Indian officials that it needs "concrete reason or a legal requirement" to fully comply with its directive to disable be...
- US fund cuts edtech Eruditus’ valuation by 9% to $2.9 billionThe markdown has translated to a valuation of about $2.9 billion as of March 31, 2023, a drop from $3.2 billion in August 2021, a price at ...
- Eruditus FY22 revenue up 87%; loss excluding exceptional items at $66 millionIn the financial year ending FY21, Eruditus had reported a cash loss of $31 million, filings reviewed by ET showed. The Mumbai-based edtech...
- Edtech unicorn Eruditus lays off employees to focus on profitabilityEruditus Group owns Eruditus Executive Education and Emeritus. Eruditus partners with over 50 universities such as MIT, Columbia, Harvard, ...
- Edtech Eruditus gets $350 million debt from CPPIB for M&AsEruditus is said to be already in the final stages of closing a $250 million acquisition in Europe, of a company that largely offers online...
- ETtech Deals Digest: India minted three unicorns this weekTwo edtech startups and a cryptocurrency exchange entered the unicorn club this week.
- New edtech unicorn; Twitter locks Congress accountsEruditus’ mammoth funding has made it a unicorn, thrice over. Twitter locks Congress accounts days after complying with India IT rules. A b...
- ETtech Exclusive: Eruditus raises $650 million as valuation jumps four-fold to $3.2 billionCPPIB to also join new round which will facilitate partial exit for Bertelsmann, founder & management selling $100 million in shares
- Leeds, Prosus lead $113-million round in edtech firm EruditusWith the latest investment, the company’s valuation has jumped to over $800 million, sources said, making the executive education firm amon...
- Chan Zuckerberg fund backs education tech startup Eruditus; valuation doublesThe Chan Zuckerberg Initiative (CZI) confirmed it had invested in the Mumbai-based startup, without disclosing details. “Eruditus has a pro...
- Sequoia India leads $40 million round in edutech startup EruditusEruditus partners with top colleges in the US and Europe, such as Massachusetts Institute of Technology (MIT), INSEAD and London School of ...
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