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Indian edtech startup Eruditus now a $3.2bn unicorn

Funding round nets $650m from SoftBank Vision Fund II, Accel US and others

A student wearing a protective mask writes notes from an online lecture on a mobile phone, amid the spread of COVID-19 in Mumbai, India.   © Reuters

NEW DELHI -- Mumbai-headquartered Eruditus Learning Solutions, which offers executive learning programs, has become the sixth Indian startup to bag the unicorn tag this month after securing $650 million in a Series E funding round led by Accel US and SoftBank Vision Fund II.

A unicorn in the venture capital industry is a privately held company valued at over $1 billion. Other Indian startups that entered the unicorn club this month include cryptocurrency exchange platform CoinDCX, edtech startup upGrad, sales enablement platform Mindtickle, digital payments startup BharatPe and B2B marketplace OfBusiness.

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