Startup Profile

Eruditus

Legal entity: Eruditus Executive Education Private Limited

Executive education from the world's top universities, delivered online

EdTechUnicornB2C Subscription· Mumbai, Maharashtra· Est. 2010Website ↗

Eruditus is an EdTech company founded in 2010 by Ashwin Damera and Chaitanya Kalipatnapu that partners with universities such as Harvard, MIT, Wharton and INSEAD to deliver executive and professional education programs, mostly through its consumer brand Emeritus. It became India's fourth EdTech unicorn in 2021 and is one of the highest-revenue EdTech firms operating out of India. The company repor

Funding raised

₹6500.00 Cr

Total disclosed

Latest valuation

₹24900.00 Cr

Most recent round

Latest revenue

₹1962.00 Cr

FY FY22

Employees

—

FY FY22

Founders

Ashwin Damera
Co-founder and CEO of Eruditus. A qualified Chartered Accountant (ICAI) with an MBA from Harvard Business School. He began his career as a portfolio risk manager at Citibank and in 2005 co-founded the travel website Travelguru, which was acquired by Travelocity in 2009. He started Eruditus after that exit.
Chaitanya Kalipatnapu
Co-founder of Eruditus. An INSEAD MBA alumnus who earlier earned an MSc in Information Systems from BITS Pilani. He worked as technical staff at Sun Microsystems and later led executive education programs at INSEAD before returning to India to start an EdTech venture with Ashwin Damera. INSEAD became Eruditus's first university partner.

Funding rounds

Series F2024-10-18₹1245.00 CrLed by TPG's The Rise Fund
Series E2021-08-11₹5395.00 CrLed by Accel and SoftBank Vision Fund 2
Series D2020-08-01₹937.90 Cr

Financials

MCA / self-reported

Fiscal year	Revenue	Profit / (Loss)	Employees
FY22	₹1962.00 Cr	(₹3094.00 Cr)	—
FY23	₹3343.00 Cr	(₹1049.00 Cr)	—
FY24	₹3733.00 Cr	—	1,750

The full story

Rich-text rendering of long_story is wired in the design pass.

Timeline

2025-04Crossed Rs 3,700 crore revenue with near break-even FY24 — FY24 revenue rose to Rs 3,733 crore and adjusted EBITDA loss narrowed about 83% to Rs 69 crore, making it among the highest-revenue India-linked EdTech firms.
2024-10-18Raised $150 million Series F led by TPG's The Rise Fund — Funding came at a $3 billion valuation, a step down from the 2021 peak, as the company emphasized a path to profitability.
2021-08-11Became India's fourth EdTech unicorn — A $650 million Series E led by Accel and SoftBank Vision Fund 2 valued Eruditus at $3.2 billion, roughly quadrupling its prior valuation.
2015Launched online courses under the Emeritus brand — The company moved into online delivery, scaling its reach beyond classroom programs through its consumer-facing Emeritus brand.
2010Founded as an offline executive education provider — Ashwin Damera and Chaitanya Kalipatnapu started Eruditus, with INSEAD as their first university partner, to bring executive education programs from top global universities to working professionals.

Data sources

seed-list + Crunchbase ODM↗ · last fetched 2026-05-28
Editorial (press release)↗ · last fetched 2026-05-28
Editorial (press release)↗ · last fetched 2026-05-28
DPIIT (Startup India)↗ · last fetched 2026-05-28
Wikidata↗ · last fetched 2026-05-28
favicon↗ · last fetched 2026-05-31
Entrackr↗ · last fetched 2026-06-01
Entrackr↗ · last fetched 2026-06-01
Entrackr↗ · last fetched 2026-06-01
Emeritus Newsroom↗ · last fetched 2026-06-01
Tech Startups↗ · last fetched 2026-06-01
SeedToScale (Accel)↗ · last fetched 2026-06-01
StartupTalky↗ · last fetched 2026-06-01