Edtech unicorn Eruditus secures $350 Mn in debt from CPPIB
Image Credit: eruditus
Edtech firm Eruditus has secured $350 million in what appears to be the second-largest debt round raised by an Indian edtech startup. The SoftBank-backed company has received the funds from Canada Pension Plan Investment Board (CPPIB) through its subsidiary CPPIB Credit Investments Inc. Last year, Byju’s raised $1.2 billion in a debt round to fuel its acquisition drive.