Damera added that while many companies tie up with tier-2, -3 and -4 institutions, Eruditus will likely send students to top 100 or 150 universities of the country it focuses on
Scaler did not reveal the amount it plans to invest in the new initiative, but its two co-founders said that they expect it to become one of the biggest verticals for Scaler soon.
CNBC-TV18's Megha Vishwanath caught up with Kavin Bharti Mittal to talk about Hike's plans to foray into Bots and the like.
Noting that diversification into the insurance broking business was part of capitalising its nine lakh customers, he said, "we are yet to structure that (insurance broking) company".