Eruditus Executive Education, provider of executive education programs, announced this week that it has raised $8 million in its Series B round from Bertelsmann India Investments.
Founded in 2010 by Ashwin Damera, Harvard Business School alumnus, and Chaitanya Kalipatnapu, INSEAD alumnus, Eruditus collaborates with top business schools including Columbia Business School, Harvard Business School, INSEAD, MIT Sloan, Tuck, and Wharton to bring their professional development programs to India, Asia, and the Middle East. It offers workshops, modular sessions, and online courses, working with clients such as Accenture, Altisource, Deutsche Bank, HSBC, Microsoft, and others. Eruditus has had more than 5,000 students in over 50 countries since it began seven years ago.
The company plans to use the newly raised funds to add new programs with existing and new university partners, and to expand its geographical footprint to China, Latin America, and Europe. Chaitanya Kalipatnapu, Director of Eruditus, comments, “Making world-class professional education accessible and affordable to the entire world is the mission of Eruditus. Our exceptional team of 100 people is based across Singapore, Dubai, India, and the United States. Bertelsmann is a great partner given its global footprint, its expertise in education, and its success in scaling business by working closely with the founding team. We look forward to working with them in building a great company.”
Pankaj Makkar, Managing Director at Bertelsmann India Investments, points out, “Demand for high-quality educational services – particularly in the business sector – is growing fast in India and South East Asia. Eruditus meets this demand with classroom, online, and blended-learning offers, giving more people access to global business education. Its collaboration with top Ivy League universities guarantees the highest quality. With Bertelsmann, we look forward to actively advancing the further development of Eruditus.”
For more information on Eruditus and its programs, visit them online.
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