Eruditus In Talks To Raise $150 Mn At $2.3 Bn Valuation

Eruditus In Talks To Raise $150 Mn At $2.3 Bn Valuation

SUMMARY

Eruditus is reportedly in advanced talks to raise $150 Mn in a fresh funding round led by Texas-based private equity firm TPG at a likely valuation of $2.3 Bn

The potential new valuation would be 28% lower than its previous valuation of $3.2 Bn in August 2021, when the company that offers upskilling courses to professionals joined the unicorn club after raising $650 Mn from a clutch of investors

However, this valuation hinges on Eruditus meeting certain performance targets, failing which the edtech juggernaut will see its market capitalization shrink to $1.8 Bn

Amid plans of reverse flipping to India ahead of its potential IPO, edtech unicorn Eruditus is reportedly in advanced talks to raise $150 Mn in a fresh funding round led by Texas-based private equity firm TPG at a likely valuation of $2.3 Bn.

The potential new valuation would be 28% lower than its previous valuation of $3.2 Bn in August 2021, when the company that offers upskilling courses to professionals joined the unicorn club after raising $650 Mn from a clutch of investors, including Accel and SoftBank Vision Fund II.

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