Business

Scaler ramps up hiring, plans to hire over 600 employees by December 2022

Scaler (by InterviewBit), one of India’s fastest-growing tech upskilling startups, today announced that it is planning to ramp up hiring by onboarding over 600 professionals by December 2022 to meet the growing demand for skilled tech talent in the industry.

The hiring spree will be witnessed across the Sales, Careers (B2B Enterprise team), Instructors and Operations teams.

With adding over 2500 learners monthly and having a strength of 1800+ employees, eyeing to expand its workforce by 35% to keep up with the organisation’s growing needs.

As of July 2022, the company clocked in an annualised run rate (ARR) of $100 Million and aims to reach an ARR of $1 billion by December 2023.

To further strengthen their foothold and redefine the tech education landscape, Recently launched the NeoVarsity, an online university offering a Master’s Program accredited with ECTS.

Scaler is also one of the first edtech players to establish co-living spaces, ‘Scalerverse’ – distributed campuses to add to its NeoVarsity vision for learners, teachers and mentors, encouraging holistic learning and development.

“Our hiring plans are a result of the rapid growth we have witnessed over the last three years. With our recent expansion to the US, we are eyeing a $17 million MRR (monthly run rate) in December 2022 with an ARR (annualised run rate) of $200 million. Since 2019, we have onboarded and helped over 25,000 learners cumulatively with industry-vetted curriculum and mentors. As per NASSCOM’s report, India could face a 14-19 lakh techies shortage by 2026 alone. To curb this shortage, we are strengthening our support and teams to meet this growing need for skilled tech talent and continue the trajectory of ‘Impact-driven’ upskilling”

said Abhimanyu Saxena, Co-Founder of Scaler and Interviewbit

Standing with the current valuation of $710 Million, Scaler is witnessing a month-on-month growth of 15% and is currently positive for both cash flow and EBITDA.

Since its inception, Scaler has raised total funding of $76.5 Million and has embarked fund of $50 Million for acquisitions till March 2023.

About :

Launched in 2019, India’s leading edtech startup that upskills tech professionals. Industry-vetted curriculum provides solutions to real-world challenges addressing the changing dynamics of the technology industry through two flagship programs – Scaler Academy and Scaler DSML.

Scaler believes in creating real-life impact by focusing on ‘impact-driven’ tech talent. Enrolled learners are mentored and taught by leaders and subject matter experts working with leading organisations, including MAANG companies.

Scaler has generated enviable career outcomes in a short period, and on average, its learners see a 4.5x RoI (return on investment) and salary hike of approximately 126%.
To further redefine tech education, Scaler has launched Scaler Neovarsity, an online university which offers an outcome-focused Master’s Program accredited with ECTS.
The only edtech player in the country to establish ‘Scalerverse’, a distributed campus to add to its Neovarsity vision for learners, teachers and mentors, encouraging holistic learning and development.
Enterprise is the B2B arm that focuses on building relationships with domestic and global organisations to provide them with industry-ready talent. Over 600 companies have worked with Scaler for their tech recruitment needs.
The startup’s parent firm, InterviewBit, is featured on the Financial Times Asia Pacific High Growth Companies 2021 and 2022 ranking.
Backed by marquee global investors like Sequoia Capital India, Tiger Global and Lightrock India and has expanded its footprints across India and US.
This article was shared with Prittle Prattle News as a Press Release.
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