ERUDITUS FOUNDER
Flipkart maps out India redux; QED’s Nigel Morris interview Happy Monday! Ecommerce major Flipkart is in discussions to shift its domicile from Singapore to India. This scoop and more in today’s ETtech Morning Dispatch.
13 May, 2024, 07.32 AM ISTBITS Pilani alumni Anuradha and Prashanth Palakurthi and Sid Mookerji pledge $2 million to the BITS Endowment Fund BITS Pilani alumni Sid Mookerji and Anuradha and Prashanth Palakurthi have pledged $1 million each to the BITS Endowment Fund, totaling recent commitments to $3 million. Prashanth Palakurthi, a technology entrepreneur, and Anuradha, his wife, previo...
07 May, 2024, 01.49 PM ISTEruditus cofounder Chaitanya Kalipatnapu pledges over $1 million to spearhead BITS Pilani Endowment Fund This pledge not only propels the initiative forward but also sets a precedent for alumni engagement and contribution, the institute said in a statement on Monday.
19 Feb, 2024, 01.11 PM IST- ADVERTISEMENT
Mumbai emerging as preferred startup destination, say founders, investors The financial capital's fast pace of infrastructure development and increasing access to capital and talent is attracting startup founders and investors.
16 Feb, 2024, 02.02 PM ISTPost Byju’s, investors worried about governance at startups: GSV Ventures' Deborah Quazzo GSV Ventures has backed Indian edtech unicorns including Eruditus, Lead, PhysicsWallah as well as startups like Classplus. Deborah Quazzo also spoke about the lack of equilibrium between edtech founders and investors on valuations, which is delaying...
14 Feb, 2024, 03.05 PM ISTEruditus joins queue of reverse flips by Indian startups, weighs IPO Edtech unicorn Eruditus is planning a shift in domicile from Singapore to India, or reverse flipping, and joins the growing list of Indian internet firms — Pine Labs, Udaan, Razorpay and Groww, among others. Eruditus is evaluating a listing on the d...
22 Jan, 2024, 08.12 AM ISTEruditus plans India flip; Ayodhya boost for spiritual apps Indian IT majors are eyeing upcoming US federal contracts as several large deals are set for renewal in the next two quarters. While it is still challenging for Indian companies to win these contracts, there is a more positive attitude towards India...
22 Jan, 2024, 08.01 AM ISTSkills for All: Bertelsmann Investments hosts Eruditus’ CEO for a Brunch Labs podcast on Building the world’s largest skilling platform, together! Makkar's message to Eruditus was unequivocal: "To unlock real growth and scalability, you need to embrace the online realm," shared Ashwin Damera, CEO and Co-founder of Eruditus.“The feedback you gave us was very valid, and very constructive, which ...
22 Nov, 2023, 11.35 AM ISTPersonal data to be shielded from AI; gaming GST may hit fintech ecosystem Generative artificial intelligence (AI) has stunned companies and commoners alike with its abilities. But with public attention comes regulatory scrutiny. Experts say that India’s new data protection bill may be tough for platforms like ChatGPT and ...
17 Jul, 2023, 09.49 AM ISTEruditus’ FY23 revenue jumps 63% to $400 million Revenue rose to $400 million (around Rs 3,280 crore as per current exchange rates) in 2022-23 from $245 million the previous year, said Ashwin Damera. Eruditus follows a July-June fiscal year.
17 Jul, 2023, 07.47 AM ISTUS fund cuts edtech Eruditus’ valuation by 9% to $2.9 billion The markdown has translated to a valuation of about $2.9 billion as of March 31, 2023, a drop from $3.2 billion in August 2021, a price at which the Mumbai-based startup had last raised equity-based capital from investors.
30 May, 2023, 06.00 AM ISTETtech Scoop: Reliance enters zero-commission fashion marketplace; mid-to-senior hirings in startups plummet Reliance Industries’ online fashion platform Ajio will launch Ajio Street — a zero-commission fashion marketplace aimed at value products for non-metro audiences, similar to ecommerce firm Meesho.
04 Apr, 2023, 09.36 AM ISTEruditus FY22 revenue up 87%; loss excluding exceptional items at $66 million In the financial year ending FY21, Eruditus had reported a cash loss of $31 million, filings reviewed by ET showed. The Mumbai-based edtech unicorn’s total net loss swelled by 46% to $386.82 million, including exceptional items, the filings showed.
03 Apr, 2023, 05.25 PM ISTTechnology's role in taking education to the masses: Ashwin Damera, CEO, Emeritus and Eruditus Ashwin Damera, the CEO and Co-Founder of Emeritus and Eruditus, explains why company opted for the "Small Private Online Courses" (SPOCs) model instead of the more popular "Massive Open Online Courses" (MOOCs) model. He also goes on to suggest ways ...
22 Feb, 2023, 08.05 PM ISTAmid layoffs, clutch of edtech firms roll out hikes and ESOPS Edtech startups like Eruditus and Emeritus, Classplus, BrightCHAMPS, among others, are looking to reward employees through increments. Others like LEAD and upGrad are giving out generous stock options, while Vedantu, which has had four rounds of lay...
11 Feb, 2023, 01.25 AM ISTPay hike on the cards for edtech employees after an edgy 2022 Edtech startups like Eruditus and Emeritus, Classplus, BrightCHAMPS among others are looking to reward employees through increments.
09 Feb, 2023, 05.30 PM ISTJobtechs eye non-tech firms in hiring winter Only 11,000 active monthly openings posted across startups in Oct: Xpheno
22 Dec, 2022, 06.00 AM ISTTo moonlight a blight or alright? Startups split on their opinions “Moonlighting can be a great way to improve skills one doesn’t get the time to practice during their full-time job,” said Swati Bhargava, cofounder of CashKaro and EarnKaro.
23 Sep, 2022, 07.15 PM ISTEruditus founder’s family office backs venture debt fund Innoven with $32 million With this Ashwin Damera is now the second-largest LP (limited partner) in the fund.
20 Apr, 2022, 06.03 PM ISTETtech Exclusive: Eruditus raises $650 million as valuation jumps four-fold to $3.2 billion CPPIB to also join new round which will facilitate partial exit for Bertelsmann, founder & management selling $100 million in shares
12 Aug, 2021, 08.32 PM IST