Hotline: 1800 102 2007
Hotline: 1800 102 2007
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.

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

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."

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Cosmetics & Beauty Product Stores
    Launched in 2004, Colorbar is one of the leading beauty..
    Locations looking for expansion Delhi
    Establishment year 2004
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Pet Stores
    About Us: Pets Empire manufactures, import and export pet products and..
    Locations looking for expansion Delhi
    Establishment year 1997
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: PapaLouie’s Pizza is now on the mode of developing..
    Locations looking for expansion Gujarat
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Tea And Coffee Chain
    The Chainsmokers” is Brand working in various lines of business..
    Locations looking for expansion Madhya pradesh
    Establishment year 2020
    Franchising Launch Date 2021
    Investment size Rs. 5lac - 10lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Indore Madhya pradesh
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities