Scaler (ed tech firm) obtained applied roots (online learning platform) for $ 50 million)
- ByStartupStory | March 3, 2022
Ed-tech firm Scaler obtained online learning platform AppliedRoots for $50 million in a cash and stock deal. This is the third acquisition for Scaler. Last year (2021), they acquired Coding Minutes and Coding Elements to accelerate the growth of their business. The deal will enable it to strengthen its data science, Artificial Intelligence and Machine Learning capabilities. Bootstrapped by a team of six – Srikanth Varma Chekuri, Murali Krishna Varri, Naveen Reddy Bade, Brahma Reddy, Srinivas Reddy and Satish Atcha – AppliedRoots is known for their flagship AppliedAICourse.
Srikanth Verma Chekuri, Co-Founder, AppliedRoots, said, “We started AppliedRoots to democratize higher education with phenomenal quality and mentorship, and our vision is in perfect alignment with that of Scaler. Like them, we also focus obsessively on learner success, which is one of the biggest reasons we are thrilled to join the mission. Our immediate goal will be to support the efforts and projects being done in the Data Science & ML team. We will also incorporate a separate Data Analyst Sub track within the Data Science program.”
Scaler was founded in April 2019 by Anshuman Singh and Abhimanyu Saxena the company recently raised Series B funding of $55 million from Sequoia Capital India, Tiger Global, and Lightrock India. The edtech brand is currently valued at $710 million.
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