Edtech unicorn Eruditus Education Pvt Ltd said that it had raised $350 million, or about Rs 2,696 crore, in debt capital from Canada Pension Plan Investment Board’s (CPPIB) credit arm to invest in mergers and acquisitions (M&As) to expand its global footprint.

• ICICI Prudential Life Signs Deal With Prudential IP Services
• Jio Financial Touches Rs 263 as BofA Buys Into Jio Credit
• Stocks in Focus:Jio Financial Services, Vascon Engineers, and Others 
• Stocks Under F&O Ban: Bandhan Bank, and Others 
• Overnight Stock Market Movements: Key Developments 

In January, Eruditus’s co-founder and chief executive officer (CEO) Ashwin Damera told VCCircle that the company plans to invest about $1 billion for M&As in 2022.

“Our mandate is to deploy anywhere between $750 million and $1 billion in M&As over the next 12 months, and so we are looking at various opportunities in different spaces,” Damera said.