Japan’s SoftBank Group Corp is in talks to lead a $250-$300 million primary capital round in Eruditus Learning Solutions, the Singapore based edtech platform that runs executive education programmes. The round is expected to value Eruditus at $2.5 billion, at least three people aware of the deal said.
The deal, if it goes through, would make Eruditus the second edtech company in the SoftBank Vision Fund 2 India portfolio to be valued at more than $1 billion. Bengaluru based Unacademy was valued at $1.45 billion in September last year when Vision Fund 2 led a $150 million round in the edtech. When Eruditus last raised capital -- $113 million in August last year -- it was reported to be valued at around $700 million.
A SoftBank spokesperson declined to comment. Eruditus did not respond to emailed queries till press time.
Apart from SoftBank, Eruditus is also in talks with a London based early-to-growth investments focused investor for the current round, the third of the people cited earlier said, VCCircle reported.
Digital news platform Moneycontrol had reported first late last month that the edtech was in talks with new investors to raise $200 million at a valuation of $2.5 billion.