Eruditus is reportedly in advanced talks to raise $150 Mn in a fresh funding round led by Texas-based private equity firm TPG at a likely valuation of $2.3 Bn
The potential new valuation would be 28% lower than its previous valuation of $3.2 Bn in August 2021, when the company that offers upskilling courses to professionals joined the unicorn club after raising $650 Mn from a clutch of investors
However, this valuation hinges on Eruditus meeting certain performance targets, failing which the edtech juggernaut will see its market capitalization shrink to $1.8 Bn
Amid plans of reverse flipping to India ahead of its potential IPO, edtech unicorn Eruditus
is reportedly in advanced talks to raise $150 Mn in a fresh funding round led by Texas-based private equity firm TPG at a likely valuation of $2.3 Bn.
The potential new valuation would be 28% lower than its previous valuation of $3.2 Bn in August 2021, when the company that offers upskilling courses to professionals joined the unicorn club after raising $650 Mn from a clutch of investors, including Accel and SoftBank Vision Fund II.
However, this valuation hinges on Eruditus meeting certain performance targets, failing which the edtech juggernaut will see its market capitalization shrink to $1.8 Bn, TechCrunch reported, citing sources.
(The story will be updated soon)
