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Edutech

Eruditus Eyes $150M Funding Boost from TPG, Valuation Recalibration Looms

Rary Maharani
Last updated: August 29, 2024 1:25 am
Rary Maharani
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1 Min Read
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  • Eruditus nears $150M funding from TPG
  • Valuation could reach $2.3B, down from previous $3.2B
  • The deal may revitalize the struggling edtech sector

Contents
EdTech Giant’s Cash InfusionValuation RollercoasterReviving EdTech’s Fortunes

EdTech Giant’s Cash Infusion

Indian edtech powerhouse Eruditus is on the verge of securing a substantial $150 million investment, spearheaded by private equity behemoth TPG.

This potential deal, currently in advanced stages of negotiation, could mark the largest funding round for an Indian education firm in recent years.

Valuation Rollercoaster

The proposed investment would value Eruditus at up to $2.3 billion, contingent on meeting specific performance targets.

However, this figure represents a significant drop from the company’s previous $3.2 billion valuation in August 2021.

Failure to hit these milestones could further reduce the valuation to $1.8 billion, highlighting the volatile nature of the edtech market.

Reviving EdTech’s Fortunes

This substantial investment could breathe new life into the edtech sector, which has faced headwinds since the post-pandemic return to in-person learning.

Eruditus, known for its partnerships with leading global universities in executive education, stands out in a field where many competitors have struggled to maintain growth and valuations.

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