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Edtech unicorn Eruditus aims to cruise past $1B revenue mark in 5 years: CEO Ashwin Damera

YourStory LogoYourStory12h ago

Edtech unicorn Eruditus aims to cruise past $1B revenue mark in 5 years: CEO Ashwin Damera - YourStory

Quick Summary:

Eruditus is eyeing $1 billion in revenue within five years, focusing mostly on organic growth, and exploring new initiatives like study abroad, says CEO Ashwin Damera.

New-age companies are pursuing public market listings (IPOs) for several key reasons: access to larger capital pools for growth, enhanced brand visibility and prestige, increased credibility and trust due to regulatory oversight, liquidity for early investors and employees.

Damera stated that after the pandemic-driven tailwinds, which brought in funding and boosted topline figures at a much faster pace, the company now has a “far more clear” path, focusing on growing primarily “organically,” with a very high bar for M&As.


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Article Details

Author / Journalist: Ishan Patra

Category: StartupsEconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 11:17:25 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 1131 words

Reading Time: 7 minutes read

Sentences: 56 lines

Sentence Length: 21 words per sentence (average)

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

Copyright Owner: © YourStory

News ID: 25907901

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About YourStory

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 25 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #44

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