Eruditus taps $150 mn refinancing for growth

Deal includes initial funding of $130 mn, with $20 mn scale-up option

- Mansi Verma

Upskilling platform Eruditus has completed refinancing of up to $150 million, led by Mars Growth Capital, a joint venture between Liquidity Group and MUFG Bank, and HSBC, the company said in a statement on Thursday.

The transaction includes an initial funding of $130 million, with a $20 million scale-up option—essentially extra money the company can tap into later, if needed. Mars Growth Capital will provide up to $100 million, while HSBC will contribute up to $50 million.

Refinancing helps a company replace or restructure old debt with a new loan, often on better terms.

The company said the transaction will give financial flexibility to pursue profitable expansion in international markets.