Scaler, an upskilling platform with Sequoia Capital, Tiger Global, and Lightrock India among its investors, announced on Wednesday that it had acquired Pepcoding, an edtech company based in Delhi, making it its fourth acquisition.
Interviewbit Technologies Pvt. Ltd., the company that operates Scaler, did not disclose the transaction’s financial details.
The acquisition will help Scaler’s growth and a number of its business units, including strategy, product design, B2B enterprise, operations, and instructor org, the company said in a statement.
Pepcoding, launched in 2017, specializes in business analytics, data science, web development, CBSE, and GATE courses. It provides offline and online classes for undergraduate students to develop their coding skills and find job opportunities.
Following the buyout, Sumeet Malik, a co-founder of Pepcoding, joined Scaler as an instructor and content creator to improve the learning experience for students, particularly in the low-level design curriculum.
“We are delighted to welcome the PepCoding team to the Scaler ecosystem. Sumeet’s team has demonstrated a unique ability to stay true to its core ability to transform the learning experiences of young engineering students. Their experience with undergraduate students will come in handy to our recently launched residential undergraduate program, the Scaler School of Technology. Pepcoding’s diverse talent pool and Sumeet’s extensive industry expertise will help accelerate the pace we are working towards achieving our vision and mission,” said Abhimanyu Saxena, co-founder of Scaler and InterviewBit.
Scaler, founded in 2019, provides tech talents and college students with upskilling courses. Additionally, the company has partnered with Microsoft, Google, and Amazon for placements.
Sumeet Malik, Founder and CEO of Pepcoding said, “We are excited to be a part of one of the fastest-growing tech education companies in India and work towards the shared vision of nurturing future-ready technology talent. Like Scaler, we are excessively focused towards the success of our students and firmly believe that the nation has enough raw talent to one day build products and companies that will dominate the world, similar to what organisations like Google, Microsoft and Uber have done. All they need is the appropriate direction and access to opportunities. This strategic union with Scaler will help us take a step towards revolutionising how India learns and works with technology.”
In February of last year, the company completed a $55 million Series B round of funding.
In the last two years, Scaler has made three acquisitions. For $50 million, it acquired the online learning platform AppliedRoots in March of last year. It acquired Coding Minutes and Coding Elements in 2021 to expand its operations.
