Eruditus bags $150 million funding at $3.1 billion valuation

Eruditus has secured $150 million in funding led by TPG, amidst Byju’s financial struggles that have made investors wary of India’s edtech sector. The funding values the company at $3.1 billion. With a focus on higher education, the startup plans to enhance its AI capabilities and make smaller acquisitions, while aiming for net profitability by FY25.

Oct 18, 2024 - 20:00
Eruditus bags $150 million funding at $3.1 billion valuation

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Eruditus has secured $150 million in funding led by TPG, amidst Byju’s financial struggles that have made investors wary of India’s edtech sector. The funding values the company at $3.1 billion. With a focus on higher education, the startup plans to enhance its AI capabilities and make smaller acquisitions, while aiming for net profitability by FY25.
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