Edtech startup Eruditus, based in Singapore and backed by SoftBank, is considering a return to India and aims to be listed on either the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE) in the coming years. In the process, Eruditus is in talks with two of the big four firms - Deloitte, Ernst & Young, KPMG and PwC. This decision aligns with the interest of existing investors SoftBank and Canada Pension Plan Investment Board, who are looking to invest around $70 million in a secondary sale at a valuation of approximately $2.5 billion, representing a 20% discount from Eruditus' previous valuation of $3.2 billion.

Eruditus plans to secure an additional $70 million in a primary funding round, aiming for total funding between $140 million and $150 million, in addition to a secondary sale. Established in 2010 by Ashwin Damera and Chaitanya Kalipatnapu, Eruditus collaborates with renowned global business schools for executive education programs and provides courses from Indian institutions like IIT Kozhikode, IIM Lucknow, and BML Munjal University.

Eruditus opting to return its base to India aligns with a broader trend observed among Indian unicorns contemplating a 'reverse flip' to list on Indian stock exchanges. LivSpace, another Indian unicorn, has signaled its intention to shift its base from Singapore to India and plans to be listed on Indian stock exchanges by 2025. This shift is part of a larger movement, with various startups like Pine Labs, Udaan, Meesho, Groww, and Razorpay expressing interest in relocating to India. This strategic change reflects a paradigm shift as Indian startups, which initially moved abroad for foreign funding and tax advantages, are now considering returning to India due to the government's efforts to enhance the business environment and facilitate ease of doing business.