India: Edtech startup Eruditus in talks to raise $40m funding led by Sequoia

Executive education service provider Eruditus Executive Education Pvt. Ltd is in advanced talks to raise $40 million in a Series C funding round led by Sequoia Capital India, two people aware of the development said. Eruditus raised $2.3 million in debt from Temasek-owned Innoven Capital in July, according to data from Crunchbase. The company had previously raised $8 million (about ₹53 crore) in a Series B funding from Bertelsmann India Investments. INSEAD professor Neil Bearden had also invested in the Mumbai-based edtech startup in 2016.