TPG Nears $150M Funding in India’s Eruditus at $2.3B Valuation
- Eruditus, an Indian edtech startup, is in advanced talks to secure about **$150 million** in new funding, sources told TechCrunch. - **TPG**, a major private equity player, is expected to lead the investment, valuing Eruditus at up to **$2.3 billion**. - This valuation is contingent on Eruditus meeting specific performance targets; failing to do so could drop the valuation to **$1.8 billion**. - The new valuation is a decrease from the **$3.2 billion** valuation during its last funding round in August 2021. - The potential investment could boost the struggling edtech sector, which has faced challenges post-pandemic. Source: [TechCrunch]()
Discover More
Curated from across
Indian Startups on
by Blair Taye
Razorpay
Just in : BlackRock cuts Byju’s valuation by 95% to $1 billion 🌀
BlackRock has yet again cut the value of its holding in Byju's, slashing the implied valuation of the Indian startup to $1 billion from $22 ...
https://techcrunch.com/2024/01/11/blackrock-cuts-byjus-valuation-by-95-to-1-billion/