Edtech Scaler Academy raises $55 million led by multiple investors
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Bengaluru-based edtech Scaler Academy said on February 1 that it has raised $55 million from a clutch of investors led by Lightrock. The company was valued at $700 million. Existing investors Sequoia India and Tiger Global Management invested too.
Launched in 2019, Scaler Academy is an edtech startup focused on upskilling college students and tech professionals. A press release from Scaler claimed that about seven out of every 10 unicorns in India now has a Scaler Academy alumni. In addition, Scaler Academy has partnered for placements with big names in the industry like Microsoft, Google and Amazon.
With the current round of funding, the startup aims to pursue its international expansion plans, launch new product offerings and business verticals, make strategic acquisitions, and grow its customer base in India and globally.
