• TPG, a global alternative asset management firm, is nearing a $150 million investment in Eruditus, an edtech startup based in India. This investment would value Eruditus at around $2.3 billion, making it one of the most valuable edtech companies in the country.
• Eruditus offers online executive education programs in collaboration with top-ranked universities worldwide, including MIT, Columbia, and INSEAD. The company has seen significant growth in recent years, with a presence in over 80 countries and a student base of over 250,000.
• The potential investment from TPG is a testament to the growing demand for online and hybrid education models, particularly in emerging markets like India. This funding round is expected to help Eruditus expand its global reach, develop new programs, and enhance its technology and platform capabilities.