Sequoia and Tiger Global-backed edtech startup Scaler Academy makes its first acquisition

• Bengaluru-based Scaler is backed by marquee investors like Sequoia Capital, Tiger Global and Rocket Internet among others.
• Coding Elements was started in 2017 by Mudit Goel that offers computer science courses to students.
• Scaler has earmarked ₹50 crore for future mergers and acquisitions.

Scaler Academy, an edtech startup focused on upskilling students by providing computer science courses, has acquired Delhi-based online learning platform Coding Elements in an all cash deal.

The deal is reportedly worth about $1 million (close to ₹8 crore).

Coding Elements was started in 2017 by Mudit Goel that offers computer science courses to students such as data science, machine learning, and full-stack web and mobile app development. The platform also offers coding courses for kids. It claims to have about 4,000 students on its platform.

Moreover, it is also offering courses in partnership with the government think tank NITI Aayog to 2 million students across 6,000 schools under Atal Innovation Mission.

With this acquisition, Bengaluru-based two-year-old startup Scaler aims to strengthen further and expand its offering in the professional upskilling space. Goel has joined the startup as the strategy and product lead.

“This acquisition will enable us to further strengthen our upskilling platform by expanding our course offerings beyond core software engineering … The acquisition is another step towards accelerating our growth and making Scaler a world-class virtual tech university. Further, we continue to assess and evaluate potential M&A [mergers and acquisitions] opportunities in the segment that matches Scaler’s vision and mission,” said Abhimanyu Saxena, co-founder of Scaler.

Launched in 2019, Scaler Academy claims to have around 7,500 learners that have joined its educational programmes. The edtech startup is backed by marquee investors like Sequoia Capital, Tiger Global and Rocket Internet among others.

Last week, Camp K12, an edtech startup that provides online classes for kids to learn coding and other skills, raised $12 million funding to expand to more geographies and add more content to its platform.

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