ZUCKERBERG STARTUP IN INDIA WITH FUNDRAISE OF 113$ MILLION

 ZUCKERBERG STARTUP IN INDIA WITH FUNDRAISE OF 113$ MILLION

A 10 years old Mumbai based online education program Eruditis which offer courses to across 80 nations with 100 executive-level courses has raised funds $113 millions in their new capital investment with Chan Zuckerberg investment and others, existing investors Sequoia India and Ved Capital which invested $40 million last year also participated in the round, it plans to expand in Europe and North America.

Eruditus was Founded in 2010 by Chaitanya Kalipatnapu and Ashwin Damera, Eruditus is now valued at over $700 million, it has ties with 30 top tier universities across the globe which includes Columbia University, MIT, Harvard, Cambridge, IIT, and IIM.

Earlier Zukerberg declared its $5.7 billion investment for nearly ten percent stake in Reliance Industries restricted (RIL)-led Jio Platforms, Facebook had already started investment in Indian corporations. chan Zuckerberg made their initial investment in Asia in Indian ed-tech imaginary being Byju’s in 2011 that attained them seven times of their investment in truth, it’s fully grown to become the most valued ed-tech startup within the world associate degreed created their initial minority investment in an Indian startup referred to as Meesho in Gregorian calendar month 2019.