The adult education provider completed a series D round, reportedly advancing its valuation past the $700m mark in the process.

Prosus Ventures, the corporate venturing arm of media and e-commerce group Naspers, co-led a $113m series D round for India-based online education provider Eruditus yesterday.

The round was led by growth equity firm Leeds Illuminate and also featured Chan Zuckerberg Initiative, Sequoia India and Ved Capital. It valued the company at more than $700m post-money, a person familiar with the matter told TechCrunch.

Eruditus provides professional and business education courses to an adult student base in partnership with universities across…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.