Biz fundamentals rekindling investor confidence in edtech: Eruditus CEO

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Physics Wallah is also identifying investment banks as advisors for what could potentially be India’s first edtech IPO in 2025, Business Standard previously reported.

Meanwhile, edtech major Byju’s – once the poster child of the Indian startup ecosystem – has seen its fortunes decline due to regulatory issues and disputes with investors, resulting in insolvency proceedings.

The company has seen 40 per cent growth in university partnerships over the past four years and doubled its enterprise business in the last two years.

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Article Details

Category: BusinessFinance

Markets: IndiaSingapore

Topics: Ashwin Damera University partnerships Eruditus IPO Ebitda profitability Indian public market Indian edtech sector Edtech valuation Reverse flipping Eruditus Physics Wallah funding

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 16:09:17 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 712 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23363369

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 242 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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News Language: English

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Publisher ID: #49

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