Eruditus Raises $150 Million in Series F - October 18, 2024

Executive Summary

Eruditus provides executive education and professional development programs through partnerships with 80+ top-tier universities, delivering 700+ programs to over 1 million learners in 80+ countries.

Funding Amount: $150 Million

Valuation: $3.2 Billion+

Round Type: Series F

Announced: October 18, 2024

Headquarters: Mumbai, India

Category: EdTech - Professional Education

About Eruditus

Eruditus was founded in 2010 and is headquartered in Mumbai, India.

Eruditus provides executive education and professional development programs through partnerships with 80+ top-tier universities, delivering 700+ programs to over 1 million learners in 80+ countries.

Funding Round Details

Investment Amount

Eruditus successfully raised $150 Million in this Series F funding round.

Lead Investors & Participants

TPG's The Rise Fund (Lead Investor): TPG's global impact investing platform leading the Series F, with Simit Batra joining the board

SoftBank Vision Fund 2 (Existing Investor): Continuing investor from previous rounds

Leeds Illuminate (Existing Investor): Education-focused investor continuing support

Accel (Existing Investor): Venture capital firm participating

CPP Investments (Existing Investor): Canada Pension Plan Investment Board

Chan Zuckerberg Initiative (Existing Investor): Philanthropic organization founded by Mark Zuckerberg and Priscilla Chan

Use of Funds

The $150 million will invest in AI technology to enhance the learner experience, expand business serving governments and enterprises (which grew 45% last year), strengthen investments in India and APAC regions, and support the company's preparation to shift its base to India (reverse flipping).

Key Metrics & Achievements

• Named #1 Global EdTech by Time magazine
• Achieved profitability on full-year basis
• 1 million+ learners across 80+ countries
• 700+ professional learning programs
• 80+ top-tier university partners (MIT, Harvard, Wharton, etc.)
• Enterprise solutions revenue grew 45% year-over-year
• Second-largest edtech funding of 2024 (after PhysicsWallah $210M)

Business Model

Eruditus partners with top universities to deliver executive education and professional certification programs through online, hybrid, and in-person formats. Revenue comes from course enrollment fees (B2C), enterprise training contracts (B2B), and government workforce development programs. The company shares revenue with university partners.

Market Opportunity & Competition

Eruditus competes with Coursera (public), 2U/edX, Emeritus (spinoff brand), Simplilearn, and Great Learning. The company differentiates through exclusive university partnerships, focus on working professionals and executives, strong profitability, and hybrid delivery model. The AI workforce training boom is driving demand.

This fundraising report was announced on October 18, 2024 and represents verified data from TechCrunch, Crunchbase, Bloomberg, Business Wire, and official company announcements.