Eruditus Group, comprising Eruditus Executive Education and its online division Emeritus, has raised a $40-million Series C round led by Sequoia Capital. Existing investor Bertelsmann India Investments also participated in the round, the company said on Thursday.

— Mint

S&R Associates advised Bertelsmann India Investments led by a team of partner Rachael Israel, associate Dhruv Nath and associate Meher Mehta.

Shardul Amarchand Mangaldas & Co and Rajah & Tann Singapore LLP (Singapore) advised the Eruditus group.

Themis Associates advised Sequoia Capital.

Avendus Capital was the financial advisor for the deal.

2019-01-11

Deal value: US$40 million

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