Eruditus
People
Accel will continue to make a third of fresh investments in Indian online marketplaces
Global venture capital firm Accel, an early investor in startups like Flipkart and Swiggy, will continue to place big bets ......
People
100 startup founders feature in IIFL Wealth Hurun India Rich List 2022
Sixty-five founders of 37 unicorns including Physics Wallah’s Alakh Pandey and Prateek Maheshwari, Byju Raveendran and family and Riju Ravindran ......
TMT
Edtech unicorn Eruditus follows Vedantu, Unacademy, sacks staff
Executive education platform Eruditus has laid off a section of its employee, joining other edtech unicorns such as Vedantu and ......
People
Eruditus founder bets $32 mn on Innoven Capital India Fund
Ashwin Damera, Founder and Chief Executive Officer of edtech unicorn Eruditus, has invested Rs 240 crore ($32 million) in one ......
Finance
Bertelsmann doubles corpus for India VC investments
Bertelsmann India Investments, backer of startup unicorns such as Licious and Eruditus, has doubled its allocation for India to $500-600 ......
Finance
Startups find offshore, venture debt cheaper as volatility in equity fundraising increases
India’s cash guzzling startups, treading on high valuations following two consecutive years of aggressive equity fundraising, are finding offshore debt ......
TMT
Edtech firm Imarticus in talks with PE funds, strategics to raise nearly $50 mn
Professional education platform Imarticus Learning Pvt Ltd is planning to pocket a much larger cheque in its Series C round ......
TMT
Deals Digest: Companies raise $2.04 bn this week, CredAvenue turns unicorn
Companies raised $2.04 billion in venture capital (VC) and private equity (PE) funding this week, and fintech debt marketplace CredAvenue ......
Consumer
SoftBank-backed Eruditus secures $350 mn debt funding for M&As
Edtech unicorn Eruditus Education Pvt Ltd on Tuesday said it has raised $350 million (about Rs 2,696 crore) in debt ......
Consumer
upGrad net loss widens as advertising expenses jump twofold in FY21
Ronnie Screwvala-led edtech firm upGrad Education Pvt Ltd’s net loss widened nearly threefold in 2020-21 (FY21) as the company doubled ......
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