Online course provider Emeritus raises USD40 million in Series C funding

A Singapore-based provider of online education, Emeritus Institute of Management, has raised USD40 million (SGD54.10 million) in a series C round led by Sequoia India.

Bertelsmann India Investments also participated in the funding.

Emeritus is the online branch of Eruditus. It was founded in 2014 as a response to the growth in digital learning. Specifically, it took the core elements of Eruditus — which include helping educational institutions design new curriculums — and applied them to the online space to develop certificate courses and online degrees.

Notably, Emeritus partners with global universities including leading US institutions like MIT, Columbia, Dartmouth- to offer digital courses in finance, marketing, innovation and leadership, among other fields.

Students completing Postgraduate Diploma in Management from Emeritus Institute of Management taking selfie. Photo courtesy: Facebook page of Emeritus Institute of Management
Students completing Postgraduate Diploma in Management from Emeritus Institute of Management taking selfie. Photo courtesy: Facebook page of Emeritus Institute of Management

The company has offices in Boston — where it works to develop curriculum content — as well as Dubai, Mexico, Mumbai and Singapore. In total, it has some 350 employees.

Emeritus said it will enroll 30,000 students from 80 countries during this current financial year.

The company’s strategy to reach that lofty goal revolves around widening its reach to new audiences. A key part of that focus is to expand its existing English and Spanish content libraries and develop content in Portuguese and Mandarin for the first time.

Author
CtoI News Desk
CtoI News Desk – CtoI

Singapore-headquartered online media company targeting Indian Diaspora across Singapore, US, UK and Dubai. Connected to India covers developments around Indians abroad, informing, engaging and entertaining its audiences.

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