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Exclusive | Zuckerberg fund in talks to back edtech startup Eruditus

The Chan Zuckerberg Initiative will be joined by a couple of other US-based technology funds to invest about $80 million in Eruditus at a valuation of $800-850 million, sources say.

August 24, 2020 / 05:58 PM IST

The Chan Zuckerberg Initiative (CZI), a non-profit headed by Facebook CEO Mark Zuckerberg and his wife Priscilla Chan, is in advanced talks to invest in Indian online learning startup Eruditus, sources have told Moneycontrol.

Founded in 2010 by Chaitanya Kalipatnapu and Ashwin Damera, Eruditus offers management programmes and short courses remotely. It has tie-ups with foreign universities, including Columbia University, Massachusetts Institute of Technology and Harvard Business School.

Its subject areas include leadership and management, data science, digital transformation, banking and finance.

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