Scaler Academy Acquires Coding Elements
Scaler Academy acquires Coding Elements to strengthen its upskilling offerings
Photo Credit : ShutterStock,
Scaler, a startup backed by Sequoia Capital and Tiger Global, has announced the acquisition
of Delhi-based online learning platform Coding Elements in an all-cash deal. This marks their first acquisition to accelerate business growth. They have also set aside a fund of 50 crores to explore other avenues of M&As. With the acquisition, they aim to bring synergies between the two companies to strengthen further and expand its offering in the professional upskilling space.
Launched in 2019 as a platform for tech enthusiasts and has grown to be a prominent name in the segment in a very short period. As a testament to its growth, the platform raised 20 million USD in Series-A Funding led by marquee investors like Sequoia Capital, Tiger Global and Rocket Internet, among others, in January 2020.
The startup also recently made five key leadership appointments to accelerate the business growth and introduced Data Science & Machine Learning programs to expand its offerings. Today, they have over 500 employees and 1000+ mentors /teaching assistants on the platform working towards bridging the tech talent gap in India.
Around The World