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Bertelsmann acquires stake in Indian ed-tech company Eruditus | The Bookseller
Bertelsmann has acquired a stake in Indian ed-tech company Eruditus Executive Education. The funding from Bertelsmann India Investments, worth $8m to Eruditus, will help the company to add new programmes with existing and new university partners and expand its global footprint in China, Latin America and Europe.

Founded by Kalipatnapu and Ashwin Damera in 2010, Eruditus Executive Education develops executive education programs in partnership with Ivy League universities, such as Columbia, Harvard, INSEAD, MIT, Tuck and Wharton, and currently markets and administers them in India, Southeast Asia and the Middle East. It has a team of 100 people based cross Singapore, Dubai, India and the United States, serving 5,000 students in 50 countries.

“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,” said Ashwin Damera, co-founder Eruditus.

Bertelsmann refered to Eruditus as "a perfect fit for our 'growth regions' strategy", with the direct investment showing Bertelsmann strengthening its activities in India with strategic investment in the higher education sector. The Bertelsmann India Investments (BII) portfolio now consists of investments in 10 start-up companies with a focus on digital content, e-commerce services, fintech and higher education.
Bertelsmann  Eruditus  Inde  acquisition  ed-tech 
26 days ago by sentinelle
The Berkshire Hathaway of The Internet – Medium
Tiny acquires small internet businesses with a Buffet-esque simple process
acquisition  finance  startup 
5 weeks ago by sstrudeau
The Berkshire Hathaway of The Internet – Medium
Our process? Simple. We focused on three key things:
Do we trust them?
Dan and Rich have a sterling reputation in the design community, and we have tons of mutual friends. We knew that if they made a statement about the business, we could rely on it.
Are the numbers roughly right?
Instead of spending months digging into accounting minutiae, we focused on the macro picture. We looked at bank statements and credit card transactions to quickly verify that the business was doing roughly the revenue and profit stated in their financials. It was, even if it there were a couple inaccuracies here and there. The important thing was that the business was performing roughly as they said it was.
Are there any big risks?
Had they signed any crazy contracts? Did they owe anybody money? Had anyone incubated an illegal cock-fighting ring within the company? (No. No. And no.)
Can we explain the business and investment case on a napkin?
Is this a no brainer? Can we see our money back in a reasonable amount of time? Is this a simple business? Can we grow it? The answer to all of the above was a resounding yes.
investing  vc  hn  berkshire  acquisition 
6 weeks ago by hellsten

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