The company expects to turn profitable as early as this financial year, and will complete the reverse flipping process, and move its domicile from Singapore to India in the next calendar year, after which it will roll out an initial public offering (IPO).
"Normally, it comes down to business fundamentals. But there is also a second factor, which is the quality and integrity of the management team," Damera told Business Standard.
He added, "This is now our 14th year of running the business, and we are very reference-able because we already have a lot of marquee investors on the cap table. So, in light of all that has happened in education, the quality and integrity of the team matter a lot."
The company has had 40 per cent growth in university partnerships in the last four years and doubled the enterprise business in the last two years.
Eruditus continues to invest and launch new programs and formats with the existing partners and expand the portfolio of high-quality education partners globally, said the company.
この記事は Business Standard の November 02, 2024 版に掲載されています。
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この記事は Business Standard の November 02, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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