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.