CosmicTaco

Eruditus Raises $150M, Plans Domicile Shift to India

CosmicTaco · 2024-10-18T11:03:55.052855+05:30

- Executive education startup **Eruditus** has raised **$150 million** in a funding round led by **TPG Rise**. - The company is valued at **$3.2 billion** post-money, with TPG Rise investing $100 million. - Eruditus plans to shift its domicile from **Singapore to India**, becoming the largest Indian edtech firm by revenue. - The firm is on track to generate over **Rs 5,000 crore** in revenue this fiscal year. - The funds will be used for expansion, including introducing more courses and increasing university partnerships. Source: [Economic Times](https://m.economictimes.com/tech/startups/eruditus-raises-150-million-led-by-tpg-rise-company-to-flip-domicile-to-india-from-singapore/amp_articleshow/114325642.cms)

Executive education startup Eruditus has raised $150 million in a funding round led by TPG Rise.
The company is valued at $3.2 billion post-money, with TPG Rise investing $100 million.
Eruditus plans to shift its domicile from Singapore to India, becoming the largest Indian edtech firm by revenue.
The firm is on track to generate over Rs 5,000 crore in revenue this fiscal year.
The funds will be used for expansion, including introducing more courses and increasing university partnerships.

Source: Economic Times

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