Scaler enters undergraduate education space with launch of Scaler School of Technology
- ByStartupStory | March 29, 2023
Scaler, which is backed by Tiger Global and operates in the edtech sector, has announced its intention to expand into the undergraduate (UG) education sector with the introduction of the Scaler School of Technology. The announcement was made on Wednesday.
Scaler, an Indian edtech startup, has announced the opening of its first campus in Bengaluru. The campus will offer a four-year residential undergraduate program in computer science, catering to the next generation of Indian software professionals. The program’s first batch will begin on July 18 and will have 200 available seats.
During a virtual media briefing, Anshuman Singh, the Co-founder of Scaler and InterviewBit, addressed the significant supply-demand gap in the computer science industry and provided details about the undergraduate program. The program will consist of three phases, with the first 18 months focusing on mastering computer science fundamentals using real-life cases. This will be followed by a one-year paid industry internship with leading technology companies, along with one-on-one mentoring by industry veterans.
The last 18 months of the program will allow students to specialize as senior engineers and machine learning or artificial intelligence engineers with specializations in algorithmic trading or learning skills. Scaler has also indicated that 50% of the batch will receive a pre-placement offer within two and a half years of joining the program, as stated by Abhimanyu Saxena, the Co-founder of Scaler and InterviewBit.
Scaler’s undergraduate program also aims to provide students with the ability to apply for government jobs or higher studies in India or abroad. Additionally, students will receive a Master of Science in Computer Science from Woolf University, a higher education institution licensed in the European Union, which operates on the European Credit Transfer System.
Scaler, a company that focuses on upskilling tech professionals and finding solutions for real-world challenges related to the technology industry, has broadened its edtech offerings. This move will create a new revenue stream for the company in the highly competitive higher education segment. According to Scaler’s founder, this new vertical is expected to contribute massively to the company’s bottom line and could become equally or even bigger than its current operations in the next five years.
Scaler’s revenue has grown by 2,500% in cumulative terms during FY20 and FY21, and as of August 2022, it had an annual revenue rate of $110 million. In February of last year, Scaler raised $55 million (about Rs 410 crore) in a Series B funding round. This round was led by a new investor, Lightrock India, and also included contributions from existing investors Sequoia Capital India and Tiger Global.
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