Eruditus grew its revenue nearly three-fold in FY19
Mumbai-based firm, Eruditus Executive Education Pvt. Ltd grew its revenue nearly three times to around $69 million in the financial year FY19. Eruditus provides executive education programs in India, Singapore, Dubai, etc. Eruditus offers short workshops, online and customized programs to corporate clients. In comparison with Byju’s, Eruditus’ business has a smaller base but has much higher paying customers.
The company also increased its students base, from around 9,600 in FY18 to 29,000 in FY19, and it earns an average of $3,300 from each student. Eruditus has partnered with top colleges in the US and Europe, to create training courses targeted for professionals of corporate with 8 to 20 years of experience. Now, Eruditus aims to collaborate with local schools and colleges to introduce some new courses for the early career professional segment (people with 3-5 years’ experience).