Hotline: 1800 102 2007
X
Search Business Opportunities
Apr, 06 2017

Bertelsmann India invests $8.2 million in Eruditus

The ed-tech startup will use the funds to add new programmes from its existing and new university partners and to expand its geographical footprint to China, Latin America and Europe, the press note added.

Eruditus, a company that offers executive education programmes globally, has raised Rs 53 crore ($8.2 million) in a Series B round from Bertelsmann India, the company said in a statement.

The ed-tech startup will use the funds to add new programmes from its existing and new university partners and to expand its geographical footprint to China, Latin America and Europe, the press note added. Eruditus had previously raised an undisclosed sum in its Series A round.

Legal firm S&R Associates had served as the advisor to the deal. Eruditus Learning Solutions Pte Ltd. was founded in 2010 by INSEAD alumnus Chaitanya Kalipatnapu and Harvard Business School alumnus Ashwin Damera. Kalipatnapu has previously worked with Sun Microsystems and also at his alma mater.

Ashwin Damera, a chartered accountant and Founder of Eruditus Learing Solutions Pte Ltd., has worked with Citibank and has also founded travel website Travelguru.com. Eruditus offers customised and open business programmes in India, Singapore, Dubai, and other locations.

It collaborates with experts from leading business schools such as MIT Sloan, INSEAD and Wharton to deliver its programmes, which take place in the form of workshops, modular sessions, or online courses.

The company’s corporate clientele includes Deutche Bank, Microsoft, Altisource, HSBC, Vodafone, Accenture, Asian Paints, and others.

Bertelsmann India Investments, the investment arm of German media giant Bertelsmann backs early- and growth-stage firms in the digital, education, media and services sectors in India.

BII has previously invested in online hotels aggregator Treebo Hotels, fashion discovery app Roposo, online financing platform Lendingkart, and others.

Comment
Related opportunities
  • Kids & Infant Products
    Want to be financially Independent? Want to work with convenience..
    Locations looking for expansion Gujarat
    Establishment year 2006
    Franchising Launch Date 2014
    Investment size Rs. 50 K - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ahmedabad Gujarat
  • Ice creams & Yogurt Parlors
    About: Born out of passion, Papa Cream is an innovative and..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Luggage, Hand bags & Backpacks
    About Us: Welcome to Doubleu Bag. We are proud to introduce..
    Locations looking for expansion Rajasthan
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Juices / Smoothies / Dairy parlors
    About Us: Established in the year 2017, SCOSSA, a venture of..
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ambala Haryana
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities