Eruditus raises $150 million led by TPG Rise, company to flip domicile to India from Singapore
education startup Eruditus has raised $150 million in new funding at a flat valuation of $3.2 billion post-money, led by TPG Rise, an impact investment fund from the US private equity investment firm.
Existing investors SoftBank Vision Fund 2, Leeds Illuminate, Accel, CPP Investments and the Chan Zuckerberg Initiative participated in the round.
TPG Rise has invested $100 million in Eruditus while SoftBank has put in another $20 million.
Eruditus has emerged as the largest Indian edtech firm by revenue with Rs 3,800 crore in FY24. It is on track to clock over Rs 5,000 crore in revenue this fiscal, its founder Ashwin Damera told ET.
He said the firm will now start the flipping process to move its domicile from Singapore to India.
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