Scaler announces strategic partnership with NSDC for edtech growth

• ByStartupStory     |    March 15, 2023

Edtech company, Scaler, has entered into a strategic agreement with the National Skill Development Corporation (NSDC) to provide upskilling programs aimed at meeting the increasing demand for software development engineers, data scientists, and machine learning specialists in India. 

The partnership intends to standardise tech upskilling in rapidly growing industries and recognize it as the most effective way to develop a large pool of skilled workers. A joint statement announced the collaboration’s objective to address India’s skill development needs and support the country’s economic growth.

The EVP of the NSDC team in charge of talent finance, Sanjeeva Singh, expressed that “the partnership between NSDC and Scaler would address the needs of high-growth sectors such as IT, electronics, and entrepreneurship identified by the government of India. The collaboration would help certify skilled workers and generate employment opportunities for the youth of the nation. Singh also stated that the partnership had the potential to bridge the supply-demand gap in the technology sector and eliminate the persistent and severe skills gap”.

 

Abhimanyu Saxena, the co-founder of Scaler & InterviewBit, stated that “NSDC is among India’s most successful public-private partnerships and has become a part of the Skill India Mission. Saxena also mentioned that over 30,000 people have joined their upskilling programmes in the last four years, which offer a world-class pedagogy, an updated curriculum, and trainers and mentors from the tech industry”.

According to reports, Scaler is currently experiencing a 90% course completion rate and a 94% successful placement rate. Scaler expanded its presence in the US in 2022, opened co-living campuses, added new members to its leadership team, and launched its educational app on the Play Store.

In addition to Scaler’s successful course completion and placement rates, the edtech startup has become cash-flow positive and increased its valuation to $710 million from $76.5 million in 2020. The company has the backing of notable international investors such as Lightrock India, Tiger Global, and Sequoia Capital India.

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