How Eruditus has carved a distinct niche for itself in ed-tech landscape

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

Earlier this month, Eruditus — commonly mistaken for Emeritus, one of its brands — shot ahead of many of its rivals across the globe in value when it raised $650 million ($430 million primary and $220 million secondary), taking its valuation to $3.2 billion.

Ever since Covid-19 gripped the world, investor interest in ed-tech has risen to stratospheric levels globally. Raising a large round of funds is one of the few things that Eruditus has done that puts it in the same bracket as many other players in the space. Otherwise, Ashwin Damera, 43, and co-founder Chaitanya Kalipatnapu, 40, have