Eruditus Executive Education raises Rs. 16 Cr Venture Debt from InnoVen Capital

ANI | Updated: Jul 05, 2018 12:25 IST

New Delhi [India], July 5 (ANI): Eruditus Executive Education, a Mumbai-based firm offering global executive education programmes from some of the top global universities has announced raising funds worth Rs.16 crores as venture debt from InnoVen Capital.
Founded by Ashwin Damera and Chaitanya Kalipatnapu in 2010, Eruditus Executive Education offers professional and management development programmes to corporations and professionals from India, Singapore, Dubai, and other locations across the globe.
The company collaborates with the executive education arms of top business schools such as INSEAD, Harvard Business School, Wharton School (University of Pennsylvania), MIT Sloan School of Management, Columbia Business School, and their renowned faculty to deliver these programmes.
"We are excited to partner with Innoven to raise venture debt. Innoven's team is very start-up oriented and they were able to provide us a perfect solution for our growth needs. We will use these funds to fuel our international growth into markets such as Latin America and South East Asia," said co-founder, Eruditus, Ashwin Damera.
"Demand for high-quality learning continues to grow and Eruditus has built a fantastic global franchise, collaborating with top global and Ivy League universities to deliver a unique mix of classroom, online and blended-learning education to professionals. We believe that Eruditus is well positioned to tap this opportunity and pleased to be a part of their growth journey," said CEO InnoVen Capital, Ashish Sharma. (ANI)