Eruditus FY22 revenue up 87%; loss excluding exceptional items at $66 million

Higher-learning edtech company Eruditus, which is backed by SoftBank, CPPIB and Accel, saw its consolidated revenue surge 87% year-on-year to $245.26 million in the 12 months to June 2022, even as its net loss adjusted for exceptional items such as Esop provisions, goodwill impairment and unrecognised revenue expanded to around $66 million during the same period.

In the financial year ended FY21, Eruditus had reported a cash loss of $31 million, filings reviewed by ET showed.