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Executive education programs at top universities have long been tapped by employers to groom their executive talent. The prestigious programs can be prohibitively expensive for many aspiring professionals around the world.
Mumbai-based Eruditus launched in 2010 to make executive education and other professional development programs cheaper and more accessible for emerging leaders. The company’s partners with more than 80 universities in the US, Europe, Latin America, Southeast Asia, India and China to offer over 700 programs at a discounted rate via its Emeritus edtech platform. Course topics range from AI and machine learning to impact and sustainability (topics that lately are becoming inseparable).
“Eruditus is expanding access to new education opportunities and giving professionals at all stages of their careers the skills they need to advance and succeed in today’s rapidly changing workplace,” said Simit Batra of TPG, which led Eruditus’ Series F round via TPG Rise Fund, its global impact investing platform.
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Over a million professionals in more than 80 countries use Eruditus to access the online and in-person programs. Ereditus says nine of ten professionals that have completed the programs reported a positive impact on their carers.
The company will use the injection of capital to fuel growth and invest in AI to enrich the learning experience; it recently introduced AI-powered tutors for students. The round, which values Eruditus at $3 billion, was also backed by the Chan Zuckerberg Initiative, SoftBank Vision Fund 2, Leeds Illuminate, Accel and CPP Investments.