Recently, according to overseas media reports, Eruditus, an Indian Education Technology Corporation, has announced that it has completed $ 150 million in Series F financing. This round of financing is led by TPG's the Rise Fund. Other investors include SoftBank Vision Fund 2, Leeds Illuminal, Accel, CPP Investments and The Chan Zuckerberg Initiative.
According to reports, the new funds will be mainly used to support ERUDITUS's global market expansion, and will invest in artificial intelligence technology Jining investment to further enrich the experience of learning to.Investment in India and Asia -Pacific.With the continuous growth and scale of Eruditus, they will focus on future acquisitions and investment. These acquisitions and investment will help achieve further growth in their revenue and expansion in the strategic market.According to reports, Eruditus revenue increased by 45%last year.
Eruditus's mission is to make high -quality education services easier to obtain and make learners afford it. This is never as important as it is now.Today's business changes are faster than ever, and the change brought by artificial intelligence means that the commercial structure will change at a faster speed.Eruditus is accelerating technical investment to use generating artificial intelligence to further enrich the experience of learners and provide enhanced learning solutions.At present, Eruditus has launched proper artificial intelligence mentors for students.
Steve Ellis, the management partner of The Rise Fund, said that Eruditus is expanding new education opportunities to provide them with the skills required for progress and success in the rapidly changing workplace in the current instantaneous workplace.Eruditus's mission is consistent with the core investment concept of The Rise Funds. This concept focuses on supporting outstanding companies that support high -quality education and bring greater lifelong potential for students.We look forward to cooperating with Eruditus to further strengthen our platform and expand the global business scale.
As of now, Ericitus and more than 80 top universities in the world have provided more than 700 professional learning programs for more than 1 million people in more than 80 countries and regions.The current course completion rate has reached 85 %.
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