Scaler (company)
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| Company type | Private |
|---|---|
| Industry | |
| Founded | 2019 |
| Founders |
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| Headquarters | , India |
Area served | Worldwide |
 ₹317 crore (US$38 million) (FY23) | |
| Subsidiaries |
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Scaler (also known as Scaler Academy) is an Indian edtech company headquartered in Bengaluru, India, focused on skill training and development.
History[edit]
Scaler was founded in 2019 by International Institute of Information Technology, Hyderabad alumni Anshuman Singh and Abhimanyu Saxena.[1]
It all started in late 2014 when Saxena, who used to work at Fab.com, partnered with Singh, who had previously worked at Facebook and Directi, to start Interview Bit, a company aimed at preparing students for jobs.[2] In early 2019, Interview Bit was rechristened as Scaler Academy. It started operating like a college, offering training, mentorship, and job placement services.[2]
The company offers three upskilling courses: Scaler Academy, which focuses on software development and engineering; Scaler DSML, which covers data science and machine learning; and Scaler DevOPS, which covers DevOps and cloud computing. Majority of the courses last between 7 and 12 months[3] and also provide community hubs where students can live and work together during the one-year program.[4] As of 2023, it enrolls 30,000 students each year in its programs.[5]
In August 2022, Scaler launched an 18-month online Master of Science (MS) in Computer Science course with specializations in software engineering, artificial intelligence, and machine learning.[6]
In April 2023, the company launched its undergraduate 4-year residential program under the Scaler School of Technology in affiliation with BITS Pilani.[7][8] The residential campus is based in Electronic City and in May 2024, Scaler School of Business launched an 18-month residential postgraduate business program.[9]
Funding[edit]
As of April 2024, the company is valued at $710 million, and the company has so far raised $76.5 million from investors such as Peak XV Partners (formerly Sequoia Capital India), Tiger Global Management, and private equity firm Lightrock India.[10][11]
Acquisitions[edit]
- In February 2024, Scaler acquired Delhi-based Pepcoding.[12]
- In March 2022, the company acquired AppliedRoots, an online learning company, for $50 million in a combined cash and stock transaction.[13]
- In October 2021, Scaler acquired Coding Minutes for $1 million.[14]
- In August 2021, the company acquired Coding Elements for $1 million. The company provided computer science courses covering machine learning, data science, and web and mobile app development.[15]
In media[edit]
- Scaler was featured in The Indian EdTech Story (Season 1, Episode 8), a 2024 documentary series on Disney+ Hotstar.[16]
References[edit]
- ^ Kanujia, Anurag (May 2022). "Development of Online Course Application with Ruby on Rails framework" (PDF). Jaypee University of Information Technology. p. 6.
- ^ a b Chakraborty, Sayan. "These 'Job-centred Universities' Guarantee Placements". Forbes India. Retrieved 2024-05-31.
- ^ Kapoor, Priya (2024-01-19). "Bridging the Skilling Gap". Entrepreneur. Retrieved 2024-05-31.
- ^ Makridis, Christos (28 June 2022). "How EdTech Firms Are Bringing Higher Education To The Metaverse". Forbes. Retrieved 2024-05-31.
- ^ Banthia, Jyoti (2023-08-19). "Scaler eyes to turn profitable in FY24". Hindu Business Line. Retrieved 2024-05-31.
- ^ "Scaler forays into higher education with Scaler Neovarsity". The Financial Express (India). 2022-08-10. Retrieved 2024-05-31.
- ^ Pandey, Nishtha (2023-03-29). "Bengaluru edtech startup Scaler launches computer science undergraduate course - CNBC TV18". CNBCTV18. Retrieved 2024-05-31.
- ^ Bureau, BL Bengaluru (2023-03-29). "Scaler launches four-year undergrad course". Hindu Business Line. Retrieved 2024-05-31.
- ^ "Scaler Diversifies Its Educational Offering, Launches Scaler School Of Business". Outlook Business & Money. 2024-05-01. Retrieved 2024-05-31.
- ^ Bera, Ayanti (2024-04-11). "Ed-tech startup Scaler lays off 100-150 employees". The Financial Express (India). Retrieved 2024-05-31.
- ^ Bureau, BL Bengaluru (2024-04-10). "Edtech start-up Scaler lays off nearly 150 employees". Hindu Business Line. Retrieved 2024-05-31.
- ^ Bureau, BL Bengaluru (2023-05-31). "Scaler makes fourth acquisition in 2 years, takes over Pepcoding". Hindu Business Line. Retrieved 2024-05-31.
- ^ Soni, Yatti (2022-03-03). "Scaler Academy acquires online learning platform AppliedRoots". Hindu Business Line. Retrieved 2024-05-31.
- ^ Soni, Yatti (2021-10-21). "Scaler Academy acquires Coding Minutes". Hindu Business Line. Retrieved 2024-05-31.
- ^ Makwana, Bhakti (30 August 2021). "Sequoia and Tiger Global-backed edtech startup Scaler Academy makes its first acquisition | Business Insider India". Business Insider. Retrieved 2024-05-31.
- ^ "The Indian Edtech Story S1 Episode 8: Acing the game of 'Upskilling', Scaler". Disney+ Hotstar. 16 February 2024. Retrieved 31 May 2024.