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Scaler, an edtech startup that offers upskilling courses to working professionals in India, has raised $55 million in a new financing round as it looks to expand to international markets including the U.S., the Bengaluru-headquartered firm said Tuesday. The startup began its journey as InterviewBit, an edtech offering that provides students with learning resources to crack interviews. The startup today offers courses such as data science and machine learning. As part of Scaler’s offering, the startup also collaborates with companies to help its cohort members find and land the right jobs. “96% of individuals who wanted to land a new job are now working at a tier 1 firm,” he said, adding that the startup is still collecting data for rest of the members and is working with one of the large auditing firms for it. The startup, which is operationally profit, plans to deploy the fresh funds to “experiment aggressively in new markets” in which it is expanding, he said, identifying U.S. as one of those markets. Scaler said. The funding comes just months after Scaler received a $400 million buyout offer from Unacademy, according to two sources familiar with the matter. Scaler is the startup’s eponymous and marque offering today that is attempting to address the broader challenge.Scaler runs nine to 11 months courses for cohorts of working professionals.
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