Core Insights - Eruditus has completed a $130 million refinancing led by Mars Growth Capital and HSBC, which includes an initial $130 million and an additional $20 million available for future needs [2] - The company aims to use the recent funding to drive global growth and business expansion, enhancing its long-term growth strategy and financial flexibility [2] - Eruditus has partnered with over 80 universities to provide management courses to more than 1 million learners across 80 countries [2] Financial Performance - For the fiscal year 2024, Eruditus reported revenue of $448 million, an increase from $405 million in fiscal year 2023, while the net loss decreased to $85.6 million from $127 million in the previous year [3] Competitive Landscape - Eruditus faces competition from global players like Coursera and Udacity, as well as local competitors in India such as UpGrad, Simplilearn, and Great Learning [3] - The company believes its strengths lie in social interaction, live teaching, and practical learning experiences [3] Funding History - To date, Eruditus has raised a total of $741 million, primarily through debt financing since 2021, including a $350 million debt from the Canada Pension Plan Investment Board for acquisition plans [4] - The company is preparing for an IPO by relocating its headquarters from Singapore to India [4]
不到一年,这家教育科技独角兽再获1.5亿美元融资
Sou Hu Cai Jing·2025-09-22 10:16