The firm rocked the edtech charts by making Ivy League education accessible and affordable to executives across the globe
Ashwin Damera, Co-Founder and CEO, Eruditus
Illustration: Chaitanya Dinesh Surpur
It was around the fag end of 2016. Over a decade after completing an MBA from Harvard Business School (HBS), Ashwin Damera was readying to learn something crucial, which he probably skipped during his Ivy League stint: The power of zero, value and valuation. The guy imparting the lesson to the chartered accountant was a familiar face. “Are you missing a zero?” Damera’s HBS batchmate quipped after a quick scan of his investor pitch. “You closed last fiscal at $7 million in revenue, now you are close to $10 million in FY17, and you have a target of $50 million over the next two years. It’s quite impressive,” he observed. “But are you sure you are not missing a zero?”
(This story appears in the 10 September, 2021 issue of Forbes India. To visit our Archives, click here.)