Bertelsmann Investments India, the investment arm of German media, services and education company, has acquired stakes in Eruditus Executive Education (EEE), an Indian edu-tech startup, a company press release said. Although the financial details of the deal were undisclosed, the Economic Times claims the funding was worth Rs 53 crore ($8.2 million). The investment by Bertelsmann will be used to fund new programmes and to expand Eruditus' geographical footprint to China, Latin America and Europe. What Eruditus does Founded in 2010 by INSEAD alumni Chaitanya Kalipatnapu and Ashwin Damera, Eruditus develops and offers professional development, leadership, business and management courses to working professionals in India, Singapore, Dubai and other locations in collaboration with the executive education arms of INSEAD, Harvard Business School, Wharton, MIT Sloan, Columbia Business School, etc. The programmes are delivered online or in classrooms located globally. Eruditus' corporate clients include Accenture, Microsoft, Nomura, HSBC, Tata Consultancy, Bharat Petroleum, Reliance ADAG, etc. Bertelsmann's third investment in the education sector Eruditus is the third investment made by Bertelsmann in the education sector. In the higher education sector, Bertelsmann has investments in WizIQ, which offers SaaS based education technology solutions to deliver live instructor-led and self-paced learning for self-branded online academies; and iNurture, which tries to improve employability in India by improving the industry relevance of tertiary level higher education. iNurture currently offers over twenty five programs in collaboration with twenty higher education institutions across the country. Bertelsmann Investments India's portfolio now consists of investments in ten start-ups--Treebo, Roposo, Pepperfry, Lendingkart, Kartrocket, Indiaproperty, Saavn, WizIQ, iNurture, Helion, Kaisen and Nirvana. Its primary focus is on…
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...