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- Eruditus Executive Education
Eruditus Executive Education Revenue, Valuation, Funding & Investors
Eruditus Executive Education is valued at $3.1B as of October 2024, a 7.8x multiple on its last reported $399M revenue.
Last Eruditus Executive Education valuation
$3.1B
Series F · Oct 2024
Last Eruditus Executive Education funding round
$150M
Series F · Oct 2024
Eruditus Executive Education revenue
$399M
Series F · Oct 2024
Key investors in Eruditus Executive Education
CPP Investments
Accel
Peak XV Partners
SoftBank Group
Prosus Ventures
Bertelsmann India Investments
About Eruditus Executive Education
Eruditus Executive Education is a Singapore-headquartered platform partnering with universities such as MIT, Columbia, Harvard, Cambridge, INSEAD, Wharton, UC Berkeley, NUS, and HKUST to deliver online and blended executive programs. Founded in 2010, it has offices in six countries and offers courses in multiple languages including Spanish, Portuguese, and Mandarin to participants from over 80 countries.
Founded
2010
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Subscription
Revenue
$399M (Oct 2024)
Valuation
$3.1B (Oct 2024)
Eruditus Executive Education Valuation
Eruditus Executive Education is currently valued at $3.1B, based on its Series F in October 2024.
The $150M round was led by The Rise Fund, with participation from SoftBank Group, CPP Investments, Chan Zuckerberg Initiative, Leeds Illuminate and Accel.
Eruditus Executive Education's valuation has grown 4.4x from $700M at its Series D in August 2020 to $3.1B in October 2024, across 4 priced rounds.
Eruditus Executive Education valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Oct 2024 | Series F | $3.1B | 7.8x |
| Aug 2021 | Secondary | $3.2B | 17.3x |
| Aug 2021 | Series E | $3.2B | 17.3x |
| Aug 2020 | Series D | $700M | 7.0x |
Eruditus Executive Education Revenue
Eruditus Executive Education's latest recorded revenue is $399M, as of its Series F in October 2024. At a $3.1B valuation, that implies a 7.8x revenue multiple.
Revenue grew from $100M in August 2020 to $399M in October 2024, while the revenue multiple moved from 7.0x to 7.8x.
Eruditus Executive Education revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Oct 2024 | $399M | $3.1B | 7.8x | Series F |
| Aug 2021 | $185M | $3.2B | 17.3x | Secondary |
| Aug 2021 | $185M | $3.2B | 17.3x | Series E |
| Aug 2020 | $100M | $700M | 7.0x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Eruditus Executive Education Funding History
Eruditus Executive Education has raised a total of $741M across 5 funding rounds, plus 1 secondary share sale.
Eruditus Executive Education's first fundraising round was a $8M Series B in April 2017. The most recent completed round was a $150M Series F in October 2024.
Eruditus Executive Education funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2024 | Series F | The Rise Fund (lead); SoftBank Group; CPP Investments; Chan Zuckerberg Initiative; Leeds Illuminate; Accel | $150M | $3.1B | Eruditus Executive Education is an edtech company headquartered in Mumbai, India, that partners with over 80 top-tier universities like MIT, Harvard, and Wharton to deliver more than 700 executive education and professional development programs in online, hybrid, and in-person formats to over 1 million learners across 80+ countries. It serves working professionals and executives through B2C course enrollments, B2B enterprise training contracts, and government programs, sharing revenue with university partners. The company achieved profitability on a full-year basis, with enterprise solutions revenue growing 45% year-over-year, and was named the #1 Global EdTech by Time magazine. On October 18, 2024, Eruditus raised $150 million in a Series F round led by The Rise Fund (TPG), with participation from Accel, Chan Zuckerberg Initiative, CPP Investments, Leeds Illuminate, and SoftBank Vision Fund. The post-money valuation was $3.1 billion, nearly flat from the $3.2 billion at which it raised funds in 2021, reflecting a challenging fundraising environment influenced by the Byju's collapse. Portions of the funds will enhance AI capabilities and support smaller acquisitions of $20-50 million. This marked the second-largest edtech funding in 2024 after PhysicsWallah's $210 million. For FY24 (ended June 30, 2024), Eruditus reported revenue of Rs 3,733 crore, up 12% from Rs 3,280 crore in FY23, with EBITDA loss narrowing to Rs 69 crore from Rs 417 crore. The company turned EBITDA profitable in FY24 per CEO statements and expects net profitability in FY25. It competes with Coursera, 2U/edX, Simplilearn, and Great Learning, differentiating via exclusive partnerships, hybrid models, and focus on upskilling amid AI-driven workforce demands. Post-round, in 2025, Eruditus closed a $150 million refinancing deal ($130 million for existing loans plus $20 million line of credit) from MARS Growth Capital and HSBC to support global growth and scaling at a flat $3.2 billion valuation. |
| Aug 2021 | Secondary | CPP Investments (lead); Prosus Ventures (lead) | $220M | $3.2B | Eruditus Executive Education, which operates alongside its online division Emeritus, offers professional education courses in collaboration with top universities including MIT, Harvard, and IITs. The Singapore-headquartered firm focuses on executive-level online certificates and programs for working professionals, reaching learners in over 80 countries. In FY21, it recorded $185 million in revenue, up from $100 million in FY20, with gross bookings of about $175 million. In August 2021, Eruditus raised $650 million in a funding round led by Accel and SoftBank Vision Fund 2, with participation from CPP Investments, Prosus Ventures, GSV Ventures, and others, quadrupling its valuation to $3.2 billion. This marked entry into the unicorn club, following a prior $113 million raise in October 2020 at $800 million valuation led by Prosus Ventures. A separate $220 million secondary market transaction occurred in August 2021. The company had 2.5 lakh paid users and 500 courses on its platform in 2021, growing from 150 in 2020, with plans to add 800-900 more courses in 2022. It projects $450-500 million in bookings for FY22 and partnered with universities in India, Brazil, Costa Rica, and others. Eruditus also acquired Silicon Valley-based iD Tech in 2021 to expand into K12 STEM education. |
| Aug 2021 | Series E | Accel (lead); SoftBank Group (lead); CPP Investments; GSV Ventures | $430M | $3.2B | Eruditus Executive Education, headquartered in Singapore, is an edtech platform founded in 2010 that provides executive education programs, postgraduate certificates, and short online courses in partnership with top global universities, focusing on areas like general management, leadership, digital transformation, data science, analytics, marketing, innovation, and strategy. It also offers enterprise training solutions and customized cohorts for workforce upskilling and leadership development. The company operates the Emeritus brand for online certificates and programs, reaching learners in over 80 countries with partnerships from more than 50 top universities. In August 2021, Eruditus raised a $650 million Series E funding round led by Accel and SoftBank Vision Fund 2, with participation from existing investors including the Chan Zuckerberg Initiative, Sequoia India, Bertelsmann, Prosus, and Leeds Illuminate, achieving a post-money valuation of $3.2 billion and unicorn status—this quadrupled its prior valuation from the Series D in August 2020. Later in December 2021, GSV Ventures and CPP Investments joined this same round. The funds were intended to develop new courses with university partners, create products and industry verticals, expand business serving governments and enterprises, enter new geographical markets like Brazil and Costa Rica, and support acquisitions such as iD Tech for K12 expansion. For FY21 (fiscal year 2021), Eruditus recorded revenue of $185 million, up from $100 million in FY20, with expectations to more than double to around $450-500 million in bookings for FY22; it had about $175 million in bookings for FY21 and served 250,000 individuals across 80+ countries. The company grew from 600 to 2,000 employees in 2021, expanded from 150 to 500 courses, and planned 800-900 more in 2022, including topics like blockchain, crypto, and fintech, with new partnerships in India such as IIT Delhi/Mumbai and IIM Indore/Lucknow. Eruditus differentiates from platforms like Coursera through smaller class sizes and deep university ties, aiming for 3 million paid users within a year from late 2021. Subsequent developments included a $350 million debt financing from CPP Investments in early 2022 and a $150 million Series F in October 2024 at a $3.1-3.2 billion valuation led by TPG's Rise Fund, with SoftBank participation, to fuel AI investments, enterprise growth (up 45% revenue last year), India/APAC expansion, and acquisitions amid achieving full-year profitability. |
| Aug 2020 | Series D | Leeds Illuminate (lead); Prosus Ventures (lead); Chan Zuckerberg Initiative; Ved Capital; Peak XV Partners | $113M | $700M | Eruditus Executive Education is an ed-tech company that provides executive education courses in collaboration with top universities like MIT and Harvard. It delivers high-quality programs to corporations and participants globally, with over 80% of revenues from overseas markets, primarily the US and India. The company was founded by alumni of INSEAD and other top business schools, focusing on custom learning interventions, open-enrollment programs, and outreach for global business schools. In August 2020, Eruditus raised $113 million in a Series D round co-led by Leeds Illuminate and Prosus Ventures, with participation from Chan Zuckerberg Initiative, existing backers Sequoia Capital India, and Ved Capital. The round included about $90 million in primary investment and $20 million for secondary share purchases from existing investors including management. This valued the company at $800 million post-money, doubling from $410 million at the end of 2018. Post-funding ownership was 55% founders, 30% investors, and 15% employees, with Avendus Capital advising the deal. Ahead of the round, Eruditus reported $100 million in revenue for the previous financial year (ending June 2020) and expected to double to $200 million in the ongoing financial year. The company was profitable in the last quarter of the prior year and anticipated profitability in the coming year. About 20% of prior revenues came from blended courses, which shifted to zero due to COVID-19, offset by rising online demand. Eruditus planned to allocate $25-30 million of the proceeds to develop 120-150 new courses, each taking about six months. The funding reflected strong investor interest in ed-tech amid home learning trends during the pandemic. Subsequent rounds included a $430 million Series E in August 2021 at $3.2 billion valuation and a $150 million Series F in October 2024. |
| Nov 2018 | Series C | Peak XV Partners (lead); Bertelsmann India Investments | $40M | - | - |
| Apr 2017 | Series B | Bertelsmann India Investments (lead) | $8M | - | Eruditus Executive Education develops and offers professional development, leadership, business, and management courses to working professionals through collaborations with executive education arms of top schools like INSEAD, Harvard Business School, Wharton, MIT Sloan, and Columbia Business School. Programs are delivered online or in classrooms in India, Singapore, Dubai, and other global locations. The company serves corporate clients including Deutsche Bank, Microsoft, HSBC, Vodafone, Accenture, and Asian Paints. In April 2017, Eruditus raised Rs 53 crore ($8.2 million) in its Series B round from Bertelsmann India Investments. This followed an undisclosed Series A round and initial friends-and-family funding of $1 million in 2015. Bertelsmann, the lead investor, focuses on digital content, e-commerce, fintech, and higher education startups in India. Proceeds from the Series B funded new programs with university partners and geographical expansion into China, Latin America, and Europe. Eruditus was founded in 2010 by INSEAD alumnus Chaitanya Kalipatnapu and Harvard Business School alumnus Ashwin Damera. |
Who has invested in Eruditus Executive Education?
11 investors have backed Eruditus Executive Education across its funding rounds, including CPP Investments, Accel, Peak XV Partners, SoftBank Group, Prosus Ventures and Bertelsmann India Investments.
Lead investors include The Rise Fund, CPP Investments, Prosus Ventures, Accel, SoftBank Group and 3 other investors.
Eruditus Executive Education Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Aug 2021 | ||
| 2 | Lead | Aug 2021 | ||
| 2 | Participant | Aug 2020 | ||
| 2 | Lead | Apr 2017 | ||
| 2 | Lead | Aug 2020 | ||
| 2 | Lead | Aug 2020 | ||
| 2 | Lead | Aug 2021 | ||
| 2 | Lead | Nov 2018 | ||
| 1 | Participant | Aug 2020 | ||
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Start Free TrialEruditus Executive Education Competitors
Eruditus Executive Education competitors include listed companies like East Buy, Stride and COL Global, and private ones like Age of Learning, Outschool and GoStudent.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $100M | - | $3B | - | ||
| Private | $100M | - | $3B | 30.0x | ||
| Publicly listed | $850M | $98M | $3.4B | 2.8x | ||
| Publicly listed | $2.5B | $580M | $3.4B | 1.2x | ||
| Private | $107M | $16M | $3.4B | - | ||
| Publicly listed | $247M | ($78M) | $2.6B | 8.9x |
Eruditus Executive Education Public Comps
Eruditus Executive Education is still privately-owned, but its public comps include Bright Horizons Family, East Buy, Stride, COL Global, McGraw Hill, John Wiley & Sons, Fibra Educa, Grand Canyon Education, Perdoceo Education and Covista.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.9B | $408M | 1.8x | 1.7x | 12.6x | 10.2x | |||
| $850M | $98M | 3.0x | 2.8x | 26.3x | 22.4x | |||
| $2.5B | $580M | 1.2x | 1.2x | 5.1x | 4.8x | |||
| $247M | ($78M) | 10.8x | 8.9x | (34.3x) | (2053.7x) | |||
| $2.1B | $613M | 2.4x | 2.3x | 8.1x | 6.5x | |||
| $1.7B | $405M | 2.2x | 2.2x | 9.3x | 8.3x | |||
| $269M | - | 15.2x | 15.2x | - | - | |||
| $1.1B | $306M | 3.4x | 3.3x | 12.4x | 10.0x | |||
This data is available for Pro users. Sign up to see all Eruditus Executive Education competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Eruditus Executive Education
| When was Eruditus Executive Education founded? | Eruditus Executive Education was founded in 2010. |
| Where is Eruditus Executive Education headquartered? | Eruditus Executive Education is headquartered in Mumbai, India. |
| Is Eruditus Executive Education publicly listed? | No, Eruditus Executive Education is a private, VC-backed company. |
| What is Eruditus Executive Education's valuation? | Eruditus Executive Education was last valued at $3.1B in its Series F in October 2024. |
| How much funding has Eruditus Executive Education raised? | Eruditus Executive Education has raised $741M across 5 funding rounds. |
| What was Eruditus Executive Education's last funding round? | Eruditus Executive Education's last funding round was a $150M Series F in October 2024, led by The Rise Fund. |
| Who are Eruditus Executive Education's investors? | Eruditus Executive Education's investors include CPP Investments, SoftBank Group, Chan Zuckerberg Initiative, Bertelsmann India Investments, Leeds Illuminate, Prosus Ventures, Accel, Peak XV Partners, Ved Capital, The Rise Fund and 1 other. |
| What is Eruditus Executive Education's revenue? | Eruditus Executive Education's latest recorded revenue is $399M (October 2024). |
| What is Eruditus Executive Education's revenue multiple? | Eruditus Executive Education's latest valuation implies a 7.8x revenue multiple ($3.1B valuation on $399M of revenue). |
| Which companies are comparable to Eruditus Executive Education? | Companies comparable to Eruditus Executive Education include Age of Learning, Outschool, East Buy, Stride, GoStudent and COL Global. |
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