Eruditus raised $113 mn from Leeds Illuminate and Prosus ventures

Edtech startup Eruditus has raised mn million in funding led by Leeds Illuminate and South African internet giant Prosus Ventures (formerly Naspers Ventures) with participation from Facebook founder and CEO Mark Zuckerberg and Priscilla Chan's philanthropic organisation, the Chan Zuckerberg Initiative. Existing investors Sequoia India and Ved Capital also participated in the fundraising.

“Covid-19 is dramatically accelerating change across higher education,” said Ashwin Damera, cofounder and chief executive at Eruditus. “We are engaging more deeply with universities worldwide to help them expand their online portfolio and global footprint.” Eruditus has partnered with more than 30 universities to date, including MIT, Columbia, Harvard, Cambridge, INSEAD, Wharton, UC Berkeley and NUS, launching more than 100 courses across multiple languages.

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