Edtech company Eruditus raises $150 million funding round led by TPG

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.