Eruditus becomes India's latest edtech unicorn after $650m Series E round

Eruditus becomes India's latest edtech unicorn after $650m Series E round

Photo: Pixabay

Mumbai-headquartered Eruditus Learning Solutions Pte Ltd, which offers executive learning programmes, has become the sixth Indian startup to bag the unicorn tag this month after securing $650 million in a Series E funding round led by Accel US and SoftBank Vision Fund II.

Unicorn is a term used in the venture capital industry to describe a privately held company valued at over $1 billion. Other Indian startups that entered the unicorn club this month include cryptocurrency exchange platform CoinDCX, edtech startup upGrad, sales enablement platform Mindtickle, digital payments startup BharatPe, and B2B marketplace OfBusiness.

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