Scaler raises $55 mn funding from Lightrock India, others
Tech upskilling Scaler (by InterviewBit) on Tuesday said it has raised USD 55 million (about Rs 410 crore) in funding, led by new investor Lightrock India. Two existing investors Sequoia Capital India and Tiger Global also participated in the series B round, a statement said.
With this fresh round of funding, the total capital raised by Scaler Academy since January 2020 stands at USD 76.5 million with a valuation of USD 710 million, it added. “The entry of Lightrock India into the Scaler family as a new strategic partner will help accelerate the brand’s ambition to disrupt India’s formal higher education sector, comprising universities and colleges that are unable to meet the growing demand for the new kind of skilled workforce for the country’s USD 200 billion IT sector,” the statement said.
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The fresh round of funding will also allow Scaler to aggressively pursue its international expansion plans, launch new product offerings/business verticals, make strategic acquisitions, invest in best-in-class talent, and grow its customer base in India and globally, it added.
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