Eruditus was founded in 2010 by Ashwin Damera and Chaitanya Kalipatnapu. The company has not officially endorsed a plan to participate in an IPO. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Eruditus is an Indian edtech company that works with universities around the world to offer executive-level business courses. The company also offers online courses under its Emeritus division. In 2021, the company acquired ID Tech, an American STEM summer camp that operates on more than 100 campuses. Eruditus has raised more than $800 million in venture capital funding from investors including Accel Partners, SoftBank Vision Fund, The Chan Zuckerberg Initiative, Leeds Illuminate, Prosus Ventures, Sequoia Capital India, and Bertelsmann. The company's 2021 round of series E funding raised $650 million and resulted in a post-money valuation of $3.2 billion.
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The stock price for Eruditus will be known as it becomes public. Here are similar public companies: Udemy (NAS: UDMY), Duolingo (NAS: DUOL), Stride (NYS: LRN).
