Hotline: 1800 102 2007
X
Search Business Opportunities
Jan, 14 2019

Eruditus raises $40 million in Series C Funding led by Sequoia Capital

The round has also seen participation from the company's existing investor Bertelsmann India Investments.

Mumbai-based Eruditus Learning Solutions Pte Ltd, offering executive learning programmes globally, has raised $40 million in its Series-C funding round led by Sequoia Capital, a global venture capital firm. The round has also seen participation from the company's existing investor Bertelsmann India Investments.

The fresh capital will be used by Eruditus to increase its course offerings in high-demand subject areas like data science, machine learning, blockchain and cybersecurity. It will also be used to expand its language offerings to include Portuguese and Mandarin, in addition to English and Spanish. 

Ashwin Damera, Co-founder and Director of Eruditus, said, "The reason we're raising this capital is growth. We’re already operating on a break-even basis and we should exit this year in the positive. The three focus areas for us are to create more courses, grow geographically and the third is offering degrees. There's a very huge opportunity to work with these colleges to bring their degree-granting programmes online."

GV Ravishankar, Managing Director, Sequoia Capital India Advisors, stated, "Upskilling and reskilling represent one of the fastest-growing segments of the global education market. Driven both by individual learners investing in their own professional development and by corporations investing in the development of their employees, the massive challenge of reskilling in response to technology evolution is throwing open a multi-billion-dollar opportunity for education entrepreneurs."

Comment
image
Related opportunities
  • Security Services
    About Us: A GPS tracking unit is a device that uses..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 50 K - 2lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: Exponential learning Pvt. Ltd. is an established institute based..
    Locations looking for expansion Rajasthan
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Others Dealers And Distributors
    About Us: CARRIER WITH SHOP ''HEALTHCARE ADDA'' Health Care Adda is the..
    Locations looking for expansion Madhya pradesh
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 50 K - 2lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya pradesh
  • Juices / Smoothies / Dairy parlors
    About Us: Ministry of Thickshakes is posed to be a leading..
    Locations looking for expansion Andhra pradesh
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Shaikpet Andhra pradesh
Insta-Subscribe to
Entrepreneur
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