# Eruditus Learning Solutions Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/eruditus-learning-solutions-pte

- Industry: Education/Training
- Headquarters: Mumbai, India
- Website: https://eruditus.com/
- Total disclosed funding: $731M
- Latest round: Series F (Oct 21, 2024)
- Investors on record: 11

## About

Eruditus Learning Solutions Pte. Ltd. is a leading provider of online education and professional development, specializing in executive education and tailored training programs for working professionals and organizations worldwide.Founded in 2010 in Mumbai, India, Eruditus Learning Solutions Pte. Ltd. focuses on online education and professional development, offering courses in partnership with prestigious universities. The company has successfully raised funding across various rounds, with its most recent Series F round in October 2024, raising USD 149 mn led by TPG and including notable investors such as Accel and the Chan Zuckerberg Initiative. The firm has executed a total of 9 deals since its inception, maintaining a valuation of USD 2,669.36 mn. The company is co-founded by Ashwin Damera and Chaitanya Kalipatnapu, with Ashwin also serving as the CEO.Eruditus specializes in online education, providing a diverse array of courses and professional development programs tailored to the needs of individuals and organizations. Their core offerings include executive education programs and customized training solutions designed to enhance skills in business management, data analytics, and technology. Their target audience includes individual learners, corporations seeking workforce upskilling, and educational institutions looking to expand their online presence, with operations spanning North America, Europe, and Asia.In the most recent fiscal year 2023, Eruditus reported a revenue of USD 0 mn and an EBITDA of USD -22,554.40 mn for 2024, reflecting their current financial standing and operational challenges.In October 2024, Eruditus Learning Solutions Pte. Ltd. secured USD 149 mn in Series F funding, led by TPG, aimed at supporting its business growth initiatives. The company plans to enhance its course offerings and expand into new geographic markets, furthering its reach in both existing and emerging regions. Plans are underway to launch new products in the coming year to meet the evolving needs of the online education market.

## Funding rounds

- Series F, Oct 21, 2024, $149M — Accel, Leeds Equity Partners, TPG, CPP Investment Board, Chan Zuckerberg Initiative, SB Investment Advisers
- Series E, Sep 3, 2021, $437M — Accel, Leeds Equity Partners, Hong Shan, CPP Investment Board, Bertelsmann India Investments, Prosus Ventures, Chan Zuckerberg Initiative, SB Investment Advisers
- Series D, Jun 1, 2021, $28M — Leeds Equity Partners, Prosus Ventures
- Series D, Aug 28, 2020, $79M — Leeds Equity Partners, Hong Shan, Prosus Ventures, Chan Zuckerberg Initiative, Ved Capital
- Series C, Jan 14, 2019, $30M — Hong Shan, Bertelsmann India Investments, Gabelhorn Investments Pte. Ltd.
- Series B, Apr 6, 2017, $8M — Bertelsmann India Investments

## Investors

- Bertelsmann India Investments (https://capitalatlas.ai/funds/bertelsmann-india-investments) — Series B, Series C, Series E
- Hong Shan — Series C, Series D, Series E
- Gabelhorn Investments Pte. Ltd. — Series C
- Leeds Equity Partners (https://capitalatlas.ai/funds/leeds-equity-partners) — Series D, Series E, Series F
- Prosus Ventures (https://capitalatlas.ai/funds/prosus-ventures) — Series D, Series E
- Chan Zuckerberg Initiative (https://capitalatlas.ai/funds/chan-zuckerberg-initiative) — Series D, Series E, Series F
- Ved Capital — Series D
- Accel (https://capitalatlas.ai/funds/accel) — Series E, Series F
- CPP Investment Board — Series E, Series F
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series E, Series F
- TPG (https://capitalatlas.ai/funds/tpg) — Series F