Indian educational technology company Eruditus has raised $150 million in a new funding round led by private equity firm TPG , at a time when the funding environment for edtech companies has been subdued.

Eruditus, the global leader in making high-quality education accessible and affordable to individuals, companies, and governments around the world, announced today that it has raised a USD 150 million Series F fundraise led by TPG's The Rise Fund,

Eruditus has emerged as the largest Indian edtech firm by revenue with Rs 3,800 crore in FY24. It is on track to clock over Rs 5,000 crore in revenue this fiscal, its founder Ashwin Damera told ET. He said the firm will now start the flipping process to move its domicile from Singapore to India.

The new funding round follows Eruditus' decision to shift its domicile to India, the company’s founder and CEO Ashwin Damera told YourStory.

Eruditus’s fundraising is happening at a time when the ed-tech sector is still being looked at with skepticism due to the downfall of Byju’s

Eruditus has raised $150 Mn (around INR 1,260 Cr) in a Series F funding round led by TPG’s global impact investing platform The Rise Fund

Eruditus, the global leader in making high-quality education accessible and affordable to individuals, companies, and governments around

Companies in the country have raised over $9 billion through IPOs this year, higher than the $7.42 billion raised in 2023, according to data compiled by LSEG