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New Deal


Announced

Completed

Eruditus Executive Education closed $113m Series D funding round.

Financials

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Transaction Value£85m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Cross Border

Minority

Education Services

India

education

Private

Single Bidder

Acquisition

Completed

Friendly

Private Equity

Synopsis

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Eruditus Learning Solutions, which offers executive learning programmes, has raised $113m in its Series D round of funding led by Prosus Ventures, a spin-off from South African investment firm Naspers. The Chan Zuckerberg Initiative—the philanthropic foundation of Facebook founder Mark Zuckerberg and his wife, Priscilla Chan—and US-based ed-tech-focussed fund Leeds Illuminate also came on board as new investors. “Covid-19 is dramatically accelerating change across higher education. We are engaging more deeply with universities worldwide to help them expand their online portfolio and global footprint,” Ashwin Damera, Eruditus CEO.

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