Sunday, 22 March, 2026
Eruditus Secures $150M Refinancing from Mars Growth Capital
By Isha
Edtech unicorn Eruditus has closed a $150 million refinancing deal led by Mars Growth Capital (a Liquidity–MUFG JV) and HSBC, comprising $130 million initially, plus a $20 million scale-up option. The funding gives Eruditus flexibility to expand operations globally. Though its revenue rose to ₹3,733 crore in FY24, growth slowed to 12%; its operating loss narrowed significantly.
Read full story at Economic Times