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● Eruditus [ erudite (Latin: eruditus) ]

Means a scholar who is instructed, educated, cultivated, enlightened,


learned.

Headquarters - Mumbai ● Mission - "to increase access to world-class executive education to


executives from every part of the world."

● Business Model [ Partner + Blended programs + Achieve ]


- The Eruditus group, has 2 divisions : Eruditus Executive Education and its
online division Emeritus.
- The programs are aimed at helping a participant evolve from functional to
management leadership roles.
- Learn through actual classroom interactions, online sessions, case
studies, real-time simulations, and practical exercises.
FROM BEING REJECTED BY 20 INVESTORS TO BECOMING A UNICORN

★ EARLY YEARS - Finding the right product fit ★ EMBRACING ONLINE SPOC :
Birth of Emeritus (2015)
● Failure of the first program
● Launched a 3-month executive program in the Indian market “ We’re helping working professionals who
● The idea was to assemble the best faculty and practitioners, with an equal dose of lectures, can’t otherwise come to these schools to access
applications, and projects high-quality educational content online and It’s
● Offline classes with faculty from Europe’s INSEAD and the IIM A, teaching a 10-day
very different from a MOOC (massive open
classroom programme in a 5-star hotel, mostly working professionals.
● Could only enrol 21 participants & ran the program at a huge loss
online courses) [such as Coursera or Udemy],
we are a SPOC — small, private, online
LEARNING : - Not just enough to have the best of faculty; but also a brand to carry the program. course.”
This helped to define the “product-market-fit”, navigating towards collaborating with top
universities.

★ KNOCKING ON INSEAD’S DOOR AND


OTHER TOP UNIVERSITIES
★ GLOBAL STAGE
★ OUR FIRST INSTITUTIONAL
FUNDRAISE: BERTELSMANN

★ SEQUOIA COMES ONBOARD : 4th


Building an Enduring company
(term used for Google, YouTube,
Ed tech 3M
Zoom ) Unicron Rgst.
learners
★ ACQUISITION (200M) -

Eruditus Executive Education has raised a total of $1.2


billion in funding over 8 rounds.

Enters K-
12
Learning

★ NOTICEABLE COMPETITORS
Reflection on
the B2B side : -
Emeritus
Enterprise

- Gartner

Build your own Pipeline -> Retain your workforce ->


Programs help organizations :-
Boost Employee Engagement
- Accelerate transformation
- Build talent pipelines
- Achieve strategic business goals

Courses utilize a combined


synchronous (live) and
asynchronous (self-paced) format
that includes video, multimedia,
and interactive discussion boards
promoting engagement while
allowing learners to
fit coursework into a full-time wo
rk schedule
.
BUSINESS MODEL CANVAS
1)Research & development 6)Student recruitment + enrollment + - Student support Customers
2)Platform development Support - Alumni engagement + Online Events - Corporate clients
3)Partnership management 7)Customer relationship management - Feedback & evaluation Users
4)Curriculum design & development 8)Maintain & Develop IT infra - Social Media Pages - Individual execs.
5)Marketing & branding - Website - Blogs + Emeritus Insights i.e. Mid-career
professionals &
- Leading Universities & B-schools Senior executives
- Corporate clients - With or w/o higher
ed degree
- Investors
- Acquisitions - Social Media
- IT systems partner - Website + Mobile App
- Community & Blogs
- Course content & Curriculum
- Tech Platform & team - Emeritus Enterprise &
- University Partners & SME n/w Emeritus Insights
- Community/regst. user base - Degree courses fee
- Licensing courses
- Web + Content Dev. &
Maintenance Users - Develop future ready skills gaining a global perspective
- Marketing & Adv. cost - Provide high-quality, accessible, & customizable executive education programs with best in class faculty from IVY
- Admin & Operational cost league universities & premium B schools
- Program fees to Univ. - Enables consumers to enhance their skills, knowledge, networks & drive professional and organizational growth
- R&D & IT infra Mgmt. University - Easy access to a global audience, Digital Enablers - tech enabled learning with customized program
- Legal development and revenue sharing + Licensing courses
SNIPPETS
Emeritus Insights

- Subscription course(₹7,000)
- Users can learn from books and
lectures from personalities like
Anand Mahindra, Ratan Tata and
Narayana Murthy.

- Taken best from our courses and


faculty & converted them into bite-
sized 2-3 minute lectures for specific
needs.
FUTURE GROWTH OPPORTUNITY
As mentioned by the CEO & Senior Mgmt Change in landscape
POINTS
TO ● Stick to SPOC model ● Universities have gone online & govt. regulations have facilitated
NOTE ● Won’t explore test prep but also looking forward to pre more online courses
college crowd with K12 integration ● Mindset of virtual first has developed

The Bharat Opportunity Steps for the Future


Key stats & figures
● Grow Regionally
● Less than 5% people in india are learning - Include more regional languages & colleges to the delivery mode
online - Explore new markets apart from tier 1 urban English speaking customers with an aim to
● In FY 2020, the no. of students enrolled in go beyond urban India
higher education was about 40 Mill across ● Grow B2B - Currently 10% of the business
india. it’s expected to increase to 92 Mill by - Tap on the demand for ivy league & top b-school certifications within the Indian
FY 2035. ecosystem by partnering with corporates
● The gross enrolment ratio in higher education ● Tap into new promising markets
in india was 27.1 percent in FY 2021 - Fastest growing high ed ETP (English taught programs) China, South Africa, Brazil &
● India is our 2nd biggest market (25%) after US Nigeria
(35%) ● Variation in pricing policy ( For price sensitive markets like India)
- Customizing it for low income Individual spacing out the payments
● M&A’s (for B2B) - For new in demand courses such cybersecurity, NEAT etc.
● Collaboration between ID-TECH & Subscription Model
“In India there are islands of - Bite-sized, micro learning programmes.
● Partner with loan providers (Additional Revenue stream)
prosperity and oceans of poverty” - Automate processes of enrolling into courses without looking for funds elsewhere.
PRESENTED BY - GROUP 10
ANNEXURES
1. https://www.thehindubusinessline.com/news/education/eruditus-will-be-larger-than-coursera-in-the-n
ext-12-months-ashwin-damera/article36013400.ece
2. https://inc42.com/buzz/eruditus-enters-k12-learning-with-acquisition-of-edtech-firm-id-tech/
3. https://insights.emeritus.org/
4. https://www.livemint.com/companies/start-ups/eruditus-raises-650-million-becomes-fourth-edtech-to
-join-unicorn-club-11628755839772.html
5. https://www.forbesindia.com/article/startups/how-edtech-startup-eruditus-entered-the-unicorn-club/7
0231/1
6. https://yourstory.com/2022/01/unicorn-eruditus-built-global-business-executive-education
7. https://startuptalky.com/eruditus-success-story/
8. https://youtu.be/5MGDNwlU9wA
9. https://youtu.be/5P_edAfQqaM
10. https://youtu.be/efUa8GJGUyk

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