Edtech startup Eruditus in funding talks to raise $40 million1 min read . Updated: 30 Nov 2018, 09:37 AM IST
Eruditus, an executive education service provider, is seeking to raise the funds in a Series C round led by Sequoia Capital India
New Delhi: 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.
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