Bertelsmann is systematically implementing its Group-wide Boost 25 strategy: Under the program, the Bertelsmann India Investments (BII) fund will make new and follow-on investments totaling €470 million (around USD 500 million).
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This funding, which will be completed in two tranches, will be used towards product development and market expansion.
Since the launch of the first fund, BDMI, in 2006, Bertelsmann has invested around one billion euros in young digital companies with innovative business models via its corporate funds.
Bertelsmann further accelerated its growth last year: Driven by the positive development of its digital businesses and creative successes such as Michelle Obama’s memoir “Becoming,” in 2018 the Group recorded its strongest organic growth in six years.
The ERUDITUS group partners with top-tier American and European universities to provide high quality executive education and short private online courses (SPOC) to working professionals.
Bertelsmann is steadily expanding its global network of startup participations: After making more than 40 new investments in 2017, the media, services and education group again made around 40 new and follow-up investments in 2018 through the four funds that comprise its Bertelsmann Investments division.
The Series B round will be utilised for product investment and technological expansion
The company aims to leverage the capital infusion toward product technology, talent acquisition, and further expanding the 25 million Roposo community.