Eruditus Bags $150 Mn Led By TPG’s The Rise Fund

Edtech unicorn Eruditus raised $150 million (around INR 1,260 crore) in a Series F funding round led by TPG’s global impact investing platform, The Rise Fund. Existing investors, including Softbank Vision Fund II, Leeds Illuminate, Accel, CPP Investments, and Chan Zuckerberg Initiative, also participated. The funds will be used to boost global growth, strengthen AI technology investments, and expand services to governments and enterprises, particularly in India and the Asia-Pacific region. Eruditus was last valued at $3.2 billion in August 2021. This funding round aims to enhance Eruditus’ market position and drive innovation in the edtech sector6.