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Edtech startup Eruditus’ valuation quadruples to $3.2 Bn after $650 Mn fundraise

Shortpedia

Content Team
Image Credit: shortpedia

Mumbai-based edtech startup Eruditus has raised $650 Mn funding led by Accel US and Masayoshi Son-led SoftBank Vision Fund II. The fresh capital infusion has quadrupled the valuation of Eruditus to $3.2 Bn from $800 Mn last year, making it the 22nd unicorn of 2021. The round comes just a few days after upGrad announced its entry into the unicorn club. With Eruditus, India now has four edtech unicorns including BYJU’s and Unacademy.