Edtech startup Eruditus, a company that offers executive education programmes globally has raised $2.3 million in debt from Temasek-owned InnoVen Capital.
Eruditus, promoted by Alumni of INSEAD and other top business schools, delivers high quality executive education programmes to corporations and participants across the globe. Eruditus collaborates with global business schools and renowned faculty in delivering these programmes.
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Eruditus currently offers 28 courses and plans to increase this number to 52 by next year. Besides, it also aims to enroll 30,000 students in the aforementioned courses this year, a 300 per cent growth from last year.
Previously, it had raised $8 million in a series-B funding round from Bertelsmann India Investments. The Mumbai based startup will use the fresh capital to introduce new programmes and expand its market in Latin America and Southeast Asia.
InnoVen is a pan-Asian venture debt platform providing debt financing to high growth and innovative tech start-ups and has provided over 175 loans to more than 125 start-ups across India and Southeast Asia.