Facebook CEO Fund may back Edtech Startup Eruditus at $850 Mn valuation
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The Chan Zuckerberg Initiative (CZI), a non-profit organisation headed by Facebook CEO Mark Zuckerberg and his wife Priscilla Chan, is reportedly in advance talks to invest in Mumbai-based edtech startup Eruditus. According to report, CZI along with a clutch of US-based tech-focused funds to invest nearly $80 Mn at a valuation of $800 Mn to $850 Mn. The company plans to use this funding to expand to more countries.