Edtech entrepreneur Ashwin Damera invests Rs 240 cr in InnoVen Capital Fund

Damera is co-founder of Eruditus and Emeritus, a leading global ed-tech platform currently valued at $3.2 billion

Ashwin Damera, founder and CEO at Eruditus and Emeritus has invested Rs 240 crore ($32 Million) in Asia’s leading venture debt and specialty finance platform, InnoVen Capital India Fund.  The investment was made through Damera’s family office which is co-managed by Ashwin Damera and his wife Bhagyashree Damera.

Damera co-founded Eruditus and Emeritus, a leading global Ed-Tech platform currently valued at $3.2 billion, following its $650 million Series E funding in 2021. It’s backed by marquee investors such as Softbank, Vision Fund 2, Prosus, Accel, Sequoia, Bertelsmann, and the Chan Zuckerberg initiative.  

“I am delighted to invest in Innoven’s maiden venture debt