Eruditus Executive Education, a provider of executive education programmes, on Monday announced that it has raised $8 million (about Rs 53 crore) in series B funding from Bertelsmann India Investments. Co-founded in 2010 by Ashwin Damera and Chaintanya Kalipatnapu, Eruditus partners with leading business schools across the world, including Harvard Business School, Wharton, INSEAD and MIT Sloan among others, to offer professional development courses in India, Singapore, Dubai and other global locations. In addition to its offline porgrammes, Eruditus has partnered with Damera-founded Emeritus Institute of Management to offer online courses under the SPOC (small, private, online courses) model. Eruditus will use the funds to strengthen its existing partnerships with universities, forge new alliances as well as expand its geographical footprint to China, Latin America and Europe, it said in a statement. Demand for high-quality educational services particularly in the business sector is growing fast in India and Southeast Asia, said Pankaj Makkar, managing director at Bertelsmann India Investments. Eruditus meets this demand with classroom, online and blended-learning offers, giving more people access to global business education, he added.
