This Indian ed-tech startup becomes India’s second largest in the space after Byju’s - hits almost Rs 2000 Cr in revenue.

Eruditus, established in 2010, is an online educational platform that provides some of the most coveted executive education programs from the world's leading business schools and institutions to students.

It was founded by Ashwin Damera and Chaitanya Kalipatnapu. 

The platform offers executive education programmes from top business schools and institutions to students across the world. Eruditus has quickly risen to become one of India's most successful ed-tech startups, specializing in higher education and upskilling.

Online education in India

The rise of the internet has caused online education to become increasingly popular, with more and more individuals choosing to enhance their skills and knowledge through online courses and classes. This trend has led to the emergence of numerous education platforms, many of which have experienced continuous growth. Industry giants such as Byju's and Udemy have made quite a name for themselves. 

But seems like Eruditus has become a leader in this space, with its focus on executive-level programs for working professionals.

What does Eruditus offer

Eruditus offers a wide range of courses, including online certificate programs, short courses, and custom programs, designed to meet the needs of working professionals across various industries. 

Eruditus' programs are designed for busy professionals who are seeking to enhance their skills and knowledge without having to leave their jobs. All courses are delivered online through a cutting-edge digital platform that combines interactive video lectures, case studies, simulations, and live virtual sessions with faculty and peers.

Eruditus' courses cover a wide range of topics, including business management, leadership, data science, artificial intelligence, machine learning, finance, marketing, healthcare, and more. The company's custom programs are designed in collaboration with corporate clients to meet their specific business needs.

The leader of the pack

According to Trak.in, in the fiscal year ending June 2022, Eruditus achieved an operating revenue of $245.25 million, marking an impressive 86% increase from the previous year. 

The company has also raised equity capital worth around $814 million from investors, including SoftBank, Prosus, Sequoia, Chan Zuckerberg Initiative, and GSV Ventures.

While Eruditus has seen incredible growth and success, it has also experienced significant losses. In FY22, the company's loss increased to $66 million on a cash basis, and its losses increased from $265 million in FY21 to $383 million in FY22, according to International Financial Reporting Standards (IFRS).

Despite these losses, Eruditus remains a dominant player in the online education space. Its focus on executive-level programs for working professionals has made it a popular choice for individuals seeking to enhance their skills and knowledge to excel in their careers.

Eruditus' success can also be attributed to its partnerships with some of the world's leading institutions, including MIT Sloan, Harvard Business School, Wharton, and Columbia Business School. These partnerships have allowed Eruditus to offer its students access to the best executive education programs and faculty from these renowned institutions.

Overall, Eruditus has made significant strides in the online education space, providing students across the world with access to top-quality executive education programs. With its continued growth and focus on excellence, Eruditus is well-positioned to remain a leader in this space for years to come.