Bertelsmann Acquires a Stake in Indian Higher-Education Provider Eruditus

Bertelsmann is strengthening its activities in India with a strategic investment in the higher education sector. The international media, services and education company is acquiring a stake in Eruditus Executive Education – a company that develops executive education programs in partnership with prestigious universities such as Columbia, Harvard, INSEAD, MIT, Tuck and Wharton, and markets and administers them currently in India, Southeast Asia and the Middle East. The company also offers online learning programs in association with the Emeritus Institute of Management. The parties have agreed to keep the financial details of this investment deal via Bertelsmann India Investments (BII) confidential.

Shobhna Mohn, Executive Vice President Growth Regions at Bertelsmann, said: “India is a market where we want to further strengthen our presence and education is a strategic growth segment for Bertelsmann. Accordingly, the investment in Eruditus is a perfect fit for our ‘growth regions’ strategy. Beyond Eruditus, Bertelsmann is already an active player in the Indian education market through its investments in iNurture, WizIQ and Udacity. This gives us a good basis for further expanding our presence in the higher-education sector globally.”

Pankaj Makkar, Managing Director at Bertelsmann India Investments, added: “Demand for high-quality educational services – particularly in the business sector – is growing fast in India and South East Asia. Eruditus meets this demand with classroom, online and blended-learning offers, thus giving more people access to global business education. Its partnership with top Ivy League universities guarantees highest quality standards. As Bertelsmann, we look forward to actively advancing the further development of Eruditus.”

Ashwin Damera, Co-founder Eruditus, said: “Making world-class professional education accessible and affordable to the entire world is the mission of Eruditus. Our team of 100 people are based across Singapore, Dubai, India and the United States. Our 5,000 students are located in 50 countries making us a truly global education provider. Bertelsmann is a great partner given its global footprint, its expertise in education and its success in scaling business by working closely with the founding team. We look forward to working with them in building a great company.”
more at:  https://www.bertelsmann.com/news-and-media/news/bertelsmann-acquires-a-stake-in-indian-higher-education-provider-eruditus.jsp?atn=6249&abp=6249,8182,

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