Saxena said as companies begin to hire people globally, Scaler will help India shift the narrative from being a place that provides you with engineers that can be recruited at lower wages to a hub of globally competitive high-skilled talent. We are providing them with hard skills that the Amazons and Googles of the world demand.” “People joining Scaler have already worked at firms in the past. The ambition of Scaler is to help the “massive gap that exists between what college and other institutions are producing and what the tech industry demands,” he said. “Individuals are spending three hours or more on Scaler each day,” he said. As part of Scaler’s offering, the startup also collaborates with companies to help its cohort members find and land better jobs. On Scaler, individuals watch three to four live lessons each week, work through assignments, and gain access to teaching assistants and mentors to clear their doubts and seek guidance. Saxena argued that the income sharing arrangement has some aspects that would disadvantage its cohort members.) (There isn’t any income sharing arrangement on Scaler. (Anshuman Singh, Scaler’s other co-founder, helped Facebook build Messenger in his last stint.)Ī course on Scaler typically runs to about $3,350, and individuals can either pay the fee upfront or in installments by taking a loan from one of the non-banking financial institutions with whom Scaler has tied up. These curriculums are designed in consultation with scores of major tech employers, including Amazon, Google, Microsoft, PayPal, Adobe, VMware and Uber, said Saxena, who previously worked at e-commerce upstart Fab.com as a software architect. The startup today offers courses such as data science and machine learning. During this period, Scaler teaches these individuals subjects that are designed to help them gain skills required to land jobs and pursue new opportunities. The startup runs nine- to 11-month courses for cohorts of working professionals. InterviewBit remains operational in fact, it’s one of the most popular interview prep apps in India, but Scaler is the startup’s eponymous and marque offering today that is attempting to address the broader challenge. “At a grassroots level, the service was not helping people who were at a disadvantage.” “For people deprived of the high-learning ecosystem, it is very hard for them to make a massive learning delta by just consuming content,” he said. “InterviewBit has millions of users and is loved by techies,” said Abhimanyu Saxena, co-founder of Scaler, in an interview with TechCrunch.īut just the content isn’t adequate to guide every individual to prepare for the new job, he said. The startup began its journey as InterviewBit, an edtech offering that provides students with learning resources to crack interviews. Scaler declined to comment on the buyout talk, which has not been previously reported. The funding comes just months after Scaler received a $400 million buyout offer from Indian edtech giant Unacademy, two sources familiar with the matter told me. Existing investors Sequoia Capital India and Tiger Global also participated in the round, moving Scaler’s all-time raise to $76.5 million. The Series B funding - led by Lightrock India - values the startup at $710 million, up from about $110 million two years ago, Scaler said. Scaler, an edtech startup that offers upskilling courses to working professionals in India, has raised $55 million in a new financing round as it looks to expand to international markets including the U.S., the Bengaluru-headquartered firm said Tuesday.
0 Comments
Leave a Reply. |