Total amount raised
$55 Millions
Latest funding date
01/01/2022
Location
Scaler has successfully raised funds through multiple rounds, with its most recent being a Series B round on January 31, 2022. Scaler is backed by prominent investors, including Tiger Global Management and Lightrock.
Scaler offers advanced online programs aimed at upskilling college graduates and working professionals, boasting over 15,000 transformed careers and 1200+ placement partners. Keep reading to explore the intricacies of Scaler's fundraising journey and the investors backing this innovative platform.
What Is Scaler?
Scaler, founded in April 2019 by Abhimanyu Saxena and Anshuman Singh, is headquartered in Bengaluru, Karnataka, India. The company operates in the Computer Science, Software Development, Data Science and Machine Learning, AIML and DevOps & Cloud industries, employing between 501 and 1000 people.
Scaler is an educational platform focused on upskilling college graduates and working professionals. The academy offers a modern curriculum, personalized mentorship, and hands-on learning experiences to help students achieve their career goals in the tech industry.
How Much Funding Has Scaler Raised?
- Seed Round
- Amount Raised: 20 Million USD
- Date: Jan 2020
- Lead Investors: Sequoia India, Tiger Global and Global Founders Capital, among others
- Valuation at Round: 100 Million USD
- Motivation Behind the Round: To launch and establish the platform, focusing on upskilling college graduates and working professionals.
- Series B
- Amount Raised: $55M
- Date: January 31, 2022
- Lead Investors: Lightrock, Sequoia Capital India, Tiger Global Management
- Valuation at Round: $710M
- Motivation Behind the Round: To expand into international markets, including the U.S., and to acquire new startups to accelerate this expansion.
Total Amount Raised: $76.5M
Current Valuation: $710M
Key Investors
- Lightrock
- Details: Lightrock is a global private equity platform that invests in sustainable businesses. They focus on companies that drive positive change and have a sustainable impact.
- Investment Focus Areas: Technology, Healthcare, Education
- Notable Investments: Not publicly disclosed
- Sequoia Capital India
- Details: Sequoia Capital India is a venture capital firm that invests in early and growth-stage companies. They have a broad portfolio and are known for backing high-growth startups.
- Investment Focus Areas: Technology, Consumer, Healthcare
- Notable Investments: Byju's, Zomato, OYO
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on private and public companies in the internet, software, consumer, and financial technology sectors. They are known for their aggressive investment strategy.
- Investment Focus Areas: Internet, Software, Consumer, Financial Technology
- Notable Investments: Facebook, LinkedIn, Flipkart
What's Next for Scaler?
Scaler is poised for significant growth, with opportunities to expand into international markets, particularly the U.S. The $55 million funding round and a valuation of $710 million underscore the platform's potential. Collaborations with major tech companies to design curriculums further enhance its appeal.
Future fundraising opportunities seem promising, given the involvement of prominent investors like Lightrock, Sequoia, and Tiger Global. The operational profitability of Scaler makes it an attractive candidate for additional funding rounds, which could support its aggressive expansion plans and potential acquisitions.
However, challenges lie ahead. Scaler must navigate competition from other edtech platforms and traditional educational institutions. Ensuring the quality and relevance of its courses as it scales and expands into new markets will be crucial. Additionally, adapting to regulatory and market differences in international expansions will require strategic planning and execution.
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