Scaler (company)

Last updated
Scaler
Company type Private
Industry
Founded2019;5 years ago (2019)
Founders
  • Anshuman Singh
  • Abhimanyu Saxena
Headquarters,
India
Area served
Worldwide
Increase2.svg317 crore (US$38 million) (FY23)
Subsidiaries
  • AppliedRoots
  • Coding Elements
  • Coding Minutes
  • Pepcoding

Scaler (also known as Scaler Academy) is an Indian edtech company headquartered in Bengaluru, India, focused on skill training and development. The company is ranked first in Time World's Top EdTech Rising Stars of 2024. [1]

Contents

History

Scaler was founded in 2019 by International Institute of Information Technology, Hyderabad alumni Anshuman Singh and Abhimanyu Saxena. [2]

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. [3] In early 2019, Interview Bit was rechristened as Scaler Academy. It started operating like a college, offering training, mentorship, and job placement services. [3]

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 [4] and also provide community hubs where students can live and work together during the one-year program. [5] As of 2023, it enrolls 30,000 students each year in its programs. [6]

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. [7]

In April 2023, the company launched its undergraduate 4-year residential program under the Scaler School of Technology in affiliation with BITS Pilani. [8] [9] The residential campus is based in Electronic City and in May 2024, Scaler School of Business launched an 18-month residential postgraduate business program. [10]

Funding

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. [11] [12]

Acquisitions

In media

Related Research Articles

<span class="mw-page-title-main">AAFT</span> Indian media and arts college

The Asian Academy of Film and Television is an Indian media and arts college located in Uttar Pradesh, North India. It was founded in 1993 and has an affiliated ed-tech platform named AAFT Online. Filmmaker Sandeep Marwah serves as the institution’s founder and president.

<span class="mw-page-title-main">NIIT</span> Indian corporation

NIIT Limited (National Institute of Information Technology) is an Indian multinational skills and talent development corporation headquartered in Gurgaon, India. The company was set up in 1981 to help the nascent IT industry overcome its human resource challenges. NIIT offers training and development to individuals, enterprises and institutions.

<span class="mw-page-title-main">Quizlet</span> American online studying platform

Quizlet is a multi-national American company that provides tools for studying and learning. Quizlet was founded in October 2005 by Andrew Sutherland, who at the time was a 15-year old student, and released to the public in January 2007. Quizlet's primary products include digital flash cards, matching games, practice electronic assessments, and live quizzes. In 2017, 1 in 2 high school students used Quizlet. As of December 2021, Quizlet has over 500 million user-generated flashcard sets and more than 60 million active users.

Zomato is an Indian multinational restaurant aggregator and food delivery company. It was founded by Deepinder Goyal and Pankaj Chaddah in 2008. Zomato provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in more than 1,000 Indian cities and towns, as of 2022–23. Zomato rivals Swiggy in food delivery and hyperlocal space.

<span class="mw-page-title-main">Udacity</span> For-profit educational organization

Udacity, Inc. is an American for-profit educational organization founded by Sebastian Thrun, David Stavens, and Mike Sokolsky offering massive open online courses.

<span class="mw-page-title-main">Intel Capital</span> American corporate venture capital firm

Intel Capital Corporation is a division of Intel Corporation, set up to manage corporate venture capital, global investment, mergers and acquisitions. Intel Capital makes equity investments in a range of technology startups and companies offering hardware, software, and services targeting artificial intelligence, autonomous technology, data center and cloud, 5G, next-generation compute, semiconductor manufacturing and other technologies. The firm is one of the most active American investors in the Chinese artificial intelligence industry.

Pluralsight, LLC is an American privately held online education company that offers a variety of video training courses for software developers, IT administrators, and creative professionals through its website. Founded in 2004 by Aaron Skonnard, Keith Brown, Fritz Onion, and Bill Williams, the company has its headquarters in Draper, Utah. As of July 2018, it uses more than 1,400 subject-matter experts as authors, and offers more than 7,000 courses in its catalog. Since first moving its courses online in 2007, the company has expanded, developing a full enterprise platform, and adding skills assessment modules.

OYO Rooms, also known as OYO Hotels & Homes, is an Indian multinational hospitality chain of leased and franchised hotels, homes, and living spaces. Founded in 2012 by Ritesh Agarwal, OYO initially consisted mainly of budget hotels. As of January 2020, it has more than 43,000 properties and 1 million rooms across 800 cities in 80 countries.

<span class="mw-page-title-main">Vedantu</span> Indian Multinational Educational technology company

Vedantu is an Indian multinational online tutoring platform launched in 2014 based in Bengaluru, India. It primarily provides services to students from grades 4 to 12.

<span class="mw-page-title-main">Gili Raanan</span> Israeli inventor

Gili Raanan is an Israeli venture capitalist and former founder of multiple software companies. Raanan started Sanctum in 1997, the company that created the Web application firewall AppShield and the web application penetration testing software AppScan. He later started NLayers which was acquired by EMC Corporation. He was a general partner at Sequoia Capital, the founder of Cyberstarts, and board member at Wiz, Adallom, Onavo, and Moovit, Snaptu.

<span class="mw-page-title-main">PayU</span> Fintech company that provides payment solutions to online merchants.

PayU is a Netherlands-based payment service provider to online merchants. The company was founded in 2002, and is headquartered in Hoofddorp. It allows online businesses to accept and process payments through payment methods that can be integrated with web and mobile applications. As of 2018, the service is available in 17 countries. The firm is owned by the Naspers Group, which also owns a stake in one of its sister companies, Tencent.

Byju's is an Indian multinational educational technology company, headquartered in Bengaluru. It was founded in 2011 by Byju Raveendran and Divya Gokulnath. As of January 2024, Byju's made a valuation ask of $200 million, a sharp fall given its peak valuation of $22 billion in 2022. As of April 2023, the company claims to have over 150 million registered students.

<span class="mw-page-title-main">Mukesh Bansal</span> Indian businessman

Mukesh Bansal is an Indian entrepreneur known for his contributions to the e-commerce, health-tech, and startup ecosystems. He is the co-founder of Myntra, Cult.Fit, and Meraki Labs, and has played a significant role in shaping India's tech and entrepreneurial landscape. Mukesh has been listed in the Best 40 under 40 Entrepreneurs by Fortune Magazine.

Swiggy is an Indian online food ordering and delivery company. Founded in 2014, Swiggy is headquartered in Bangalore and operates in more than 580 Indian cities, as of July 2023. Besides food delivery, the platform also provides quick commerce services under the name Swiggy Instamart, and same-day package deliveries with Swiggy Genie.

Pine Labs is an Indian company that provides point of sales systems and payment systems, founded in 1998. The company has a valuation of over US$5 billion.

Pristyn Care is a Gurugram based health-tech company that deals in minimal invasive medical and surgical interventions. The organization has a network of more than 700 partnered hospitals and 100 clinics. The company was started in 2018 and covers proctology, gynaecology, IVF, urology, vascular, otorhinolaryngology, laparoscopy, anaesthetics, and ophthalmology.

Unacademy is an Indian multinational educational technology company that provides online educational platform with its headquarters in Bangalore. It prepares students for various competitive exams, as well as provides content on foundational (K-12) and skill building courses. It was founded by Gaurav Munjal, Hemesh Singh and Roman Saini in 2015. As of May 2022, Unacademy was valued at US$3.44 billion.

The uLesson Group commonly known as uLesson, is a Nigerian edtech company, also operating as an online education platform through uLesson Education mobile application for primary and secondary E-learning. It was founded in 2019 by Sim Shagaya.

<span class="mw-page-title-main">Physics Wallah</span> Indian multinational educational technology company

Physics Wallah Private Limited is an Indian multinational educational technology company headquartered in Noida, Uttar Pradesh. The company was founded by Alakh Pandey in 2014 as a YouTube channel aimed at teaching the physics curriculum for the Joint Entrance Examinations (JEE). In 2020, Pandey, along with his cofounder Prateek Maheshwari created the Physics Wallah app, which allowed students to access courses related to the National Eligibility cum Entrance Test (NEET) and Joint Entrance Exam (JEE). As of September 2024, the company is valued at around $2.8 billion.

References

  1. "World's Top EdTech Companies of 2024". TIME. Retrieved 2024-10-06.
  2. Kanujia, Anurag (May 2022). "Development of Online Course Application with Ruby on Rails framework" (PDF). Jaypee University of Information Technology . p. 6.
  3. 1 2 Chakraborty, Sayan. "These 'Job-centred Universities' Guarantee Placements". Forbes India . Retrieved 2024-05-31.
  4. Kapoor, Priya (2024-01-19). "Bridging the Skilling Gap". Entrepreneur . Retrieved 2024-05-31.
  5. Makridis, Christos (28 June 2022). "How EdTech Firms Are Bringing Higher Education To The Metaverse". Forbes . Retrieved 2024-05-31.
  6. Banthia, Jyoti (2023-08-19). "Scaler eyes to turn profitable in FY24". Hindu Business Line . Retrieved 2024-05-31.
  7. "Scaler forays into higher education with Scaler Neovarsity". The Financial Express (India) . 2022-08-10. Retrieved 2024-05-31.
  8. Pandey, Nishtha (2023-03-29). "Bengaluru edtech startup Scaler launches computer science undergraduate course - CNBC TV18". CNBCTV18 . Retrieved 2024-05-31.
  9. "Scaler launches four-year undergrad course". Hindu Business Line . 2023-03-29. Retrieved 2024-05-31.
  10. "Scaler Diversifies Its Educational Offering, Launches Scaler School Of Business". Outlook Business & Money . 2024-05-01. Retrieved 2024-05-31.
  11. Bera, Ayanti (2024-04-11). "Ed-tech startup Scaler lays off 100-150 employees". The Financial Express (India) . Retrieved 2024-05-31.
  12. "Edtech start-up Scaler lays off nearly 150 employees". Hindu Business Line . 2024-04-10. Retrieved 2024-05-31.
  13. "Scaler makes fourth acquisition in 2 years, takes over Pepcoding". Hindu Business Line . 2023-05-31. Retrieved 2024-05-31.
  14. Soni, Yatti (2022-03-03). "Scaler Academy acquires online learning platform AppliedRoots". Hindu Business Line . Retrieved 2024-05-31.
  15. Soni, Yatti (2021-10-21). "Scaler Academy acquires Coding Minutes". Hindu Business Line . Retrieved 2024-05-31.
  16. 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.
  17. "The Indian Edtech Story S1 Episode 8: Acing the game of 'Upskilling', Scaler". Disney+ Hotstar . 16 February 2024. Retrieved 31 May 2024.