CosmicTaco

Eruditus Nears $150 Million Funding Round Led by TPG

CosmicTaco · 2024-08-26T11:17:19.552240+05:30

- Eruditus is in advanced stages to raise $150 million in a fresh round led by TPG. - Initial discussions started last year for a $50 million secondaries round. - After achieving full-year Ebidta profitability, Eruditus opted for a larger round. - The funding comes despite the Indian edtech sector's struggles, highlighted by Byju’s downfall. - Eruditus' focus on higher education and upskilling keeps investor interest strong. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/startup/eruditus-nears-deal-to-raise-150-million-in-fresh-round-led-by-tpg-12805993.html)

Eruditus is in advanced stages to raise $150 million in a fresh round led by TPG.
Initial discussions started last year for a $50 million secondaries round.
After achieving full-year Ebidta profitability, Eruditus opted for a larger round.
The funding comes despite the Indian edtech sector's struggles, highlighted by Byju’s downfall.
Eruditus' focus on higher education and upskilling keeps investor interest strong.

Source: Moneycontrol