- Eruditus nears $150M funding from TPG
- Valuation could reach $2.3B, down from previous $3.2B
- The deal may revitalize the struggling edtech sector
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.
