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