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ERUDITUS REVENUE
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...
- 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 ...
- Personal data to be shielded from AI; gaming GST may hit fintech ecosystemGenerative artificial intelligence (AI) has stunned companies and commoners alike with its abilities. But with public attention comes regul...
- Eruditus’ FY23 revenue jumps 63% to $400 millionRevenue rose to $400 million (around Rs 3,280 crore as per current exchange rates) in 2022-23 from $245 million the previous year, said Ash...
- 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 ...
- Swiggy CTO Dale Vaz resigns; Eruditus’ FY22 revenue jumps 87%Vaz, who had joined Swiggy as its head of engineering and data science, was promoted to the CTO post in 2020 after Rahul Jaimini, who cofou...
- 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...
- Upskilling companies see brisk business as K-12, test prep stallUpskilling startup founders told ET that they are expecting to clock a strong rate of growth in the ongoing year even as a funding crunch h...
- Pay hike on the cards for edtech employees after an edgy 2022Edtech startups like Eruditus and Emeritus, Classplus, BrightCHAMPS among others are looking to reward employees through increments.
- 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, ...
- UpGrad expects revenue to touch Rs 1,900 crore in FY22For upGrad, the expected revenue growth comes on the back of the company making close to five acquisitions in the current fiscal year, cont...
- Marketing the future: How the Digital Marketing and Analytics Programme from ISB Executive Education will help you land a lucrative careerThe digital marketing career scope in India will be worth US$160 billion by 2025, making it three times the current value (Goldman Sachs, 2...
- 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
- Eruditus Group acquires Silicon Valley-based iD Tech for $200 millionThe acquisition will mark the Mumbai-based entity's expansion beyond higher education into the K-12 STEM space
- 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...
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