Eruditus secures $150 mn in TPG-led funding amid ed-tech challenges

Indian educational technology company Eruditus has raised $150 million in a new funding round led by private equity firm TPG, at a time when the funding environment for edtech companies has been subdued.

Eruditus’ Series F round, which also saw the participation of existing backers Softbank, Leeds Illuminate, Accel, CPP Investments and Chan Zuckerberg Initiative, was raised at a valuation of $3 billion.