Strong fundamentals rekindling investor confidence in edtechs

The Indian edtech sector has been slower than others to recover from the funding winter, yet companies with strong business fundamentals and stable management teams are reigniting investor confidence in the space, according to Ashwin Damera, co-founder and CEO of executive education firm Eruditus.

- ARYAMAN GUPTA

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.