Edtech firm Eruditus nears $450-mn SoftBank-led funding, valued at $3.2 bn

Indian education technology startup Eruditus is close to raising more than $450 million from investors led by SoftBank Group Corp. and Accel Partners, according to people familiar with the matter.
 

The latest round values the startup at about $3.2 billion and an announcement could come as soon as this week, the people said, asking not to be named as the information isn’t public. Some existing shareholders are also offloading about $200 million stake, the people added.

While talks are advanced, they could still be delayed or fall apart, the people said. A representative for SoftBank offered no comment, while representatives