Eruditus
TMT
SoftBank-backed edtech firm Eruditus aims to turn profitable in FY24
Edtech company Eruditus expects to end the financial year 2023-24 on a profitable note, its founder and CEO told VCCircle, ......
TMT
SoftBank-backed Eruditus taps PE firms, sovereign funds for fresh capital
Higher education startup Eruditus has reached out to top private equity firms and sovereign wealth funds (SWF) to raise $100-150 ......
TMT
Eruditus' Damera on scrapping $350 mn funding, breaking even and more
The past few months have seen edtech companies shift focus towards profitability, rationalization of spending, slowing growth projections, and a ......
People
Accel will continue to make a third of fresh investments in Indian online marketplaces
Global venture capital firm Accel, an early investor in startups like Flipkart and Swiggy, will continue to place big bets ......
Finance
Bertelsmann doubles corpus for India VC investments
Bertelsmann India Investments, backer of startup unicorns such as Licious and Eruditus, has doubled its allocation for India to $500-600 ......
Finance
Startups find offshore, venture debt cheaper as volatility in equity fundraising increases
India’s cash guzzling startups, treading on high valuations following two consecutive years of aggressive equity fundraising, are finding offshore debt ......
TMT
Edtech firm Imarticus in talks with PE funds, strategics to raise nearly $50 mn
Professional education platform Imarticus Learning Pvt Ltd is planning to pocket a much larger cheque in its Series C round ......
TMT
Deals Digest: Companies raise $2.04 bn this week, CredAvenue turns unicorn
Companies raised $2.04 billion in venture capital (VC) and private equity (PE) funding this week, and fintech debt marketplace CredAvenue ......
Consumer
‘We should be profitable by FY24:' LEAD co-founder Smita Deorah
LEAD, formerly known as LEAD School, owned and operated by Leadership Boulevard Pvt Ltd, turned unicorn on Thursday after it raised $100 ......
TMT
Soonicorns: The 22 startups waiting in the wings to become unicorns in 2022
If last year saw India spawn 44 unicorns, or those startups with over $1 billion valuation, this year will see ......
