Scaler Academy Acquires Coding Elements For $1 Mn; Eyes International Expansion In 2022

Scaler Academy Acquires Coding Elements For $1 Mn; Eyes International Expansion In 2022

SUMMARY

The acquisition marks the first of many as Scaler has set aside a fund of INR 50 Cr to explore M&A avenues

Scaler will conclude the active courses and batches of Coding Elements; no new intake will be taken under CE going forward

Scaler will also look into international expansion in the first quarter of 2022, according to CEO Abhimanyu Saxena

Bengaluru-based upskilling platform Scaler Academy (formerly InterviewBit) has acquired Delhi-based edtech platform Coding Elements in an all-cash deal worth $1 Mn (≈INR 8 Cr). The company confirmed the acquisition amount and added that it is eyeing further acquisitions.

Coding Elements marks Scaler’s first acquisition and will help accelerate business growth. The two companies have been in talks for a month after Scaler’s foray into data science and machine learning courses. The acquisition will add product-based and strategy-rich courses to Scaler’s portfolio. The live learning courses will help students read, understand and write research papers and are targeted at data scientists, ML engineers and business analysts.

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