Eruditus, a leading global edtech company, has secured $150 million in Series F funding led by TPG’s The Rise Fund, at a post-money valuation of around $3 billion. The raise, which includes participation from existing backers like SoftBank, Accel, CPP Investments, Leeds Illuminate, and the Chan Zuckerberg Initiative, comes as Eruditus looks to deepen its impact in India, expand its enterprise offerings, and invest heavily in AI-enabled education tools.
Key Details & Metrics
| Metric | Value / Info |
|---|---|
| Funding Round | Series F — $150 million |
| Lead Investor(s) | TPG’s The Rise Fund; existing investors participated |
| Valuation | Approximately $3 billion post-money |
| Key Investors | SoftBank Vision Fund 2, Leeds Illuminate, Accel, CPP Investments, Chan Zuckerberg Initiative |
| Global Footprint | ~80+ university partners; over 1 million learners across 80+ countries |
What Eruditus Plans to Do With the Funds
- Expand AI Capabilities & Learning Experience: Use funds to build better AI-powered tools and improve student/learner interfaces.
- Grow Enterprise/ Government Business & New Segments: Expand beyond executive education into postgraduate, undergraduate, and other skilling & lifelong learning programs.
- Increase Focus on India & APAC Markets: India currently forms ~28% of its revenue, and Eruditus aims to increase that share to about 50% over the next few years.
- Domicile Flip from Singapore to India: The company plans to move its legal domicile from Singapore to India for better regulatory / IPO positioning.
- Potential Acquisitions: To expand its offerings and presence in new geographies.
Financial Performance & Challenges
- Eruditus turned EBITDA-profitable in FY24, though its growth has faced pressure in the broader edtech environment.
- Its revenue in FY24 was approximately ₹3,800 crore (≈ USD equivalent), and the company is projecting over ₹5,000 crore in the next fiscal year.
- The edtech funding environment remains cautious; many startups are facing tighter scrutiny, slower growth or fundraising challenges. Eruditus’ successful round is viewed as a strong sign for the sector. Reuters
Implications & What to Watch
- Scaling & Competition: Stronger competition from other edtechs will pressure Eruditus to differentiate via tech, quality delivery, and cost.
- Profitability Focus: Maintaining profitability while expanding into new segments (PG, UG) and geographies will be key.
- Regulatory / Legal Changes: Flipping domicile and preparing for IPO will involve regulatory compliance, governance, and local tax considerations.
- Investor Sentiment: This round may help restore confidence in edtech funding in India and APAC, especially for companies that are clearly moving toward profitability.
Conclusion
Eruditus’ $150 million raise marks a major milestone in the Indian edtech story — not just for its size but for its timing. With profitability achieved, a strong investor base, and strategic plans for India focus, AI integration, and geographical expansion, Eruditus appears poised to build on its current momentum. The company’s move toward domicile in India and potential IPO in the future adds further weight to its long-term ambitions.
