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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Management Team

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 Members

Vivian Wu
Chan Zuckerberg Initiative

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News Highlights

Eruditus eyes full-year EBITDA profitability in FY24, to raise funds
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.
Eruditus aims to break even by June: Damera
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 becomes the second-biggest revenue grossing edtech with $250 mn in sales
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.
Updated on: May 21, 2024


Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.