Eruditus raises USD 40 mn in fresh fundraising led by Sequoia India

Education technology company Eruditus, which offer courses in collaboration with university partners such as MIT, Columbia and Harvard Business School, has raised USD 40 million led by Sequoia India along with existing investor Bertelsmann India Investments. The money raised will be deployed for increasing course offerings in high-demand subject areas such as data science, machine learning, blockchain and cybersecurity and also add Portuguese and Mandarin languages in addition to English and Spanish.

The company has increased its student count by ten times in the last two years and is aiming to have 30,000 students in 80 countries in FY19, a statement said. It runs delivers courses in collaboration with university partners such as MIT, Columbia, Harvard Business School, Insead, Tuck at Dartmouth, Wharton, UC Berkeley and London Business School, the company said. "Upskilling and reskilling represent one of the fastest-growing segments of the global education market," Sequia managing director GV Ravishankar said.