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Upskilling Platform Scaler Tops $700m Valuation in New Funding

BusinessNews

If you’ve been following anything in ed-tech, you’d know the industry is rapidly growing and provides an alternative education resource to higher education learning like college.

 

As the market continues to expand, Scaler, an upskilling platform that successfully disrupted the traditional education scheme in India, has reached new heights.

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After a recent round of funding from international investors led by Lightrock India and additional investors from Sequoia Capital India and Tiger Global, Scaler has broken the $700 million ceiling on their most recent valuation.

 

The sum of $55 million was raised from primary investors, bringing the total funding to $76.5 million. This pushed the ed-tech start-up to $700 million in its total value.

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More About Scaler

Scaler comes from humble beginnings as an interview prep app for helping candidates land jobs in India. However, its founders noticed a distinct gap between candidates in the tech industry. They created Scaler to try to bridge this gap and give less fortunate candidates the education they need to achieve their dreams.

 

The basis is that customers will buy a six or eight-month course for typically around $3,350. They then attend the class online three or four times a week. The courses have videos, coursework, mentors, and assistants to help customers learn about their chosen skills.

 

With this most recent bout of funding, Scaler will pursue international expansion, with one of their focus markets being the US. They’ve shown incredible growth, and their candidates have landed jobs at Amazon and other prestigious companies, making the future incredibly bright for the ed-tech industry.

 

However, the competition will doubtlessly be fierce as other upskilling ed-tech companies have already entered the US market, like SkillShare and Amphy. As the market for education technology continues to expand, we’ll no doubt see a new kind of education training take over the market.

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As the market continues to expand, Scaler, an upskilling platform that successfully disrupted the traditional education scheme in India, has reached new heights.

Other Upskilling Start-up News:

Amphy has started a new blog for students to learn more about given subjects.

 Amphy seeks to expand its influence beyond live video lessons and give consumers a resource they can check for information at any time. With articles related to business, wellness, languages and more, check out the blog here

 

The top-rated American upskilling company SkillShare is looking to enter the Indian Ed-tech industry

 Young professionals in India are looking for more creative classes to show off their unique perspectives and skills. SkillShare plans to give them what they want and has raised more than $108 million from venture funding to fuel their global expansion.

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