New Delhi: Scaler (by InterviewBit), one of the fastest growing tech startups, announced the acquisition of e-learning platform AppliedRoots for $50 million to bolster its Data Science, AI and ML. This is the third acquisition for Scaler. Last year (2021), they acquired Coding Minutes and Coding Elements to accelerate their business growth.
Started 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 its flagship product AppliedAICourse. Last year, the AppliedRoots team partnered with the University of Hyderabad (UoH) to offer an online diploma course in Artificial Intelligence and Machine Learning. The platform also provides tech professionals with GATE CS prep and applied coding tracks. The AppliedRoots team has served over 40,000 learners over the past four years, enabling career transitions for thousands. The e-learning platform is well known for producing more than 40 top 100 rankings in the GATE CS 2021 exam.
Announcing the acquisition, Abhimanyu Saxena, co-founder of Scaler & InterviewBit, said, “We are delighted to welcome the AppliedRoots team to the Scaler ecosystem. All co-founders have extensive experience in software development, AI and ML, and the IT industry. We feel a powerful synergy with their team, their ideas and their goals. Together, we can accelerate the pace at which we can help aspiring technology professionals develop and create meaningful and rewarding careers. As we build ourselves into a world-class virtual technology university, their experiences will be very helpful. This acquisition will allow us to strengthen our DS, ML & Al offering and help us tap into a much wider learner base.
The Scaler Data Science and ML program has seen significant growth and adoption since its launch in mid-2021, with the program accumulating a learner NPS reaching up to 80. The biggest attraction of the program is that it uses real case studies to teach and has built over 50 business case studies in association with some of the nation’s leading tech companies. These organizations are also keen to absorb these learners after the course ends. There is a lot of interest in the market for the program, and Scaler had to turn down almost 20% of the total number of applicants due to limited bandwidth. The acquisition of AppliedRoots will allow Scaler to double its efforts to expand the DS&ML vertical.
After the acquisition, the six co-founders will join Scaler and lead various projects. A large majority of the AppliedRoots team will be working with the Scaler DS&ML vertical. Some team members will also rely on the content vertical – Scaler Topics – a technopedia and curated interactive space for aspiring software professionals to learn and master the right technology skills. The AppliedRoots team will also lead new initiatives and programs that are planned later in the year.
Srikanth Verma Chekuri, co-founder, AppliedRoots, said. “We started AppliedRoots to democratize higher education with phenomenal quality and mentorship, and our vision is a perfect fit with Scaler’s. Like them, we are also obsessively focused on learner success, which is one of the main reasons we are excited to join the mission. Our immediate focus will be to support ongoing efforts and projects in the Data Science & ML team. We will also integrate a separate Data Analyst sub-track into the Data Science curriculum. Scaler has a mission-driven, high-capacity team, and we look forward to working with them. It’s an exciting time in the ed-tech space in the country, and we’re very optimistic about what we can accomplish together. We aspire to create the best DS and ML programs in the world. »
Scaler has experienced significant growth over the past few years. With over 1,000 employees, another 1,000 mentors + teaching assistants and a learner base of over 15,000 software engineers, the platform is actively striving to bridge the tech talent gap in India. Scaler runs India’s largest active online tech community on Discord with 100,000 members and has become the preferred choice for tech enthusiasts to share knowledge, collaborate on projects, share memes + job opportunities and chat about everything related to technology. They recently raised $55 million in Series B funding from Sequoia Capital India, Tiger Global and Lightrock India. The young edtech brand is currently valued at $710 million.