Eruditus Stock

www.eruditus.comEducation / E-LearningFounded: 2010Funding to Date: $593.55MM

Eruditus provides global access to executive education programs. Founded in 2010 by Ashwin Damera and Chaitanya Kalipatnapu, Eruditus is headquartered in Mumbai, Maharashtra, India. Eruditus collaborates with top universities to make executive education accessible globally.

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Private Market Pricing DetailsValuation & Financings

Eruditus Stock Price

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Last Closed Trade 2
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Last Closed Trade Price
$xx.xx
Last Funding Round (LFR)
Date
xx/xx/xx
Price per Share
$xx.xx

Eruditus Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
Funding Round Details are not yet available for this company.

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Leadership & Board

Leadership

Ashwin Damera
Co-Founder & Chief Executive Officer
Manoj Thandassery
Director & Head of Sales
Pranjal Kumar
Global CFO and Head of Corporate Development
Chaitanya Kalipatnapu
Co-founder and Director
Ashley Chiampo
Chief Learning Officer
Ganesh S
Chief Human Resources Officer
Shaun Dubash
Chief Product Officer
Bhushan Heda
Chief Operating Officer
Pranjal Kumar
Chief Financial Officer
Charlie Schilling
President of the Enterprise Business (US, Europe and Canada)
Mohan Kannegal
Chief Executive Officer, India & APAC (Consumer)
Robert Hsiung
Chief Executive Officer, China
Mike Malefakis
President: University Partnerships

Board

Vivian Wu
Chan Zuckerberg Initiative

Eruditus stock FAQs

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Is Eruditus a public company?

No, Eruditus is a privately held company and is currently not publicly traded on any stock markets including NYSE or NASDAQ.
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What is Eruditus’ stock price?

Eruditus is a privately held company and therefore does not have a public stock price. However, you may access Eruditus private market stock price with Forge Data.
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What is Eruditus’ stock ticker symbol?

Eruditus does not have an official ticker symbol because this company is not currently publicly traded.
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Eruditus’ news and media highlights

Edtech company Eruditus is targeting a 40% revenue growth to nearly $560 million in FY24, following a 63% growth to $400 million in FY23. The company also aims to achieve full-year profitability at about 7% EBITDA, or $40 million for FY 2023-24. Eruditus has narrowed its loss to about $40 million in FY 2022-23 from $66 million in FY 2021-22. The company is also planning to raise $100-150 million through a mix of primary and secondary share sales.
Edtech startup Eruditus is aiming to break even by June, according to co-founder and executive director Ashwin Damera. The company is actively seeking acquisition opportunities for its enterprise business and edtech companies offering advanced courses in fields such as law, journalism, and specialized commerce. Damera expects the company to close the financial year with a revenue run rate of around $450 million, up 50% from the $300 million in FY22. The company is targeting an Ebitda margin of 8-10% in FY24.
Eruditus, an edtech startup, has become India's second-largest revenue-grossing edtech company after generating close to $250 million from operations in FY22. This represents an 86% increase from the previous year's operating revenue. The company's losses also widened to $66 million in FY22. Eruditus expects to turn profitable in FY24 due to strong growth in revenue.
Eruditus co-founder Ashwin Damera has defended the edtech sector amid controversy surrounding a few firms. Damera stated that the negativity surrounding the sector is largely focused on one company, and that the industry continues to produce strong products with a positive outlook. He also emphasized that edtech startups are focusing on profitability, sustainable growth, and creating impact.
Updated on: Nov 17, 2024

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