Eruditus

Revenue nearly 1.8x Physics Wallah, 2x upGrad

"We have started the process and will follow the letter of the law in terms of the time that it would take. But we are not in a tearing hurry to do the IPO"

Ervin Tu and Ashutosh Sharma of Prosus talk about their strategies for India and beyond

The company has seen 40 per cent growth in university partnerships over the past four years and doubled its enterprise business in the last two years

Companies in the country have raised over $9 billion through IPOs this year, higher than the $7.42 billion raised in 2023, according to data compiled by LSEG

Founded by Ashwin Damera and Chaitanya Kalipatnapu in 2010, Eruditus served 250,000 students across 80 countries in FY23

The start-up, which closed $650 million funding at $3.2 billion valuation from Softbank and Accel, operates in the re-skilling space

The pipeline of potential acquisitions is expected to contribute up to 30 per cent of its online arm's top line and EBITDA in the next five years, the company said

Internal management is the primary task before the founders of the edtech company as it witnesses rapid growth

Govt advisory half-hearted, won't help curb malpractices in sector: Activists

Last year ended with a revenue of $170 million and this year (end July) the company will touch a revenue of $450-500 million with 15-20 per cent accruing from India

Some existing shareholders are also offloading about $200 million stake

The vibrant startup ecosystem is working to boost the investment environment in India both from domestic and global investors, according to consulting firm Praxis Global Alliance

Edtech firm looks to double revenue to $200 mn in FY21

The group comprises Eruditus Executive Education and its online division Emeritus. Founded in 2010 by Chaitanya Kalipatnapu and Ashwin Damera

To invest in enhancing online education platform, expand multilingual capabilities

Eruditus offers Ivy League education to working professionals