Eruditus Raises $150M, Plans Domicile Shift to India

• Executive education startup Eruditus has raised $150 million in a funding round led by TPG Rise.
• The company is valued at $3.2 billion post-money, with TPG Rise investing $100 million.
• Eruditus plans to shift its domicile from Singapore to India, becoming the largest Indian edtech firm by revenue.
• The firm is on track to generate over Rs 5,000 crore in revenue this fiscal year.
• The funds will be used for expansion, including introducing more courses and increasing university partnerships.

Source: Economic Times