Scaler buys edtech company AppliedRoots for $50 million to develop online courses
Scaler, a startup offering advanced courses for working professionals, said it acquired online learning platform AppliedRoots for $50 million to bolster its courses in data science, artificial intelligence and machine learning.
Last year, Scaler acquired Coding Minutes and CodingElements, two online tutors. AppliedRoots is known for its flagship product AppliedAICourse. AppliedRoots said it has served more than 40,000 people over the past four years.
Announcing the acquisition, Abhimanyu Saxena, co-founder of Scaler & InterviewBit, said, “All co-founders have extensive experience in software development, AI & ML and the IT industry. “We feel a powerful synergy with their team, their ideas and their goals. Together, we can accelerate the pace at which we can help aspiring technology professionals develop and create meaningful and rewarding careers.”
After the acquisition, the six co-founders of AppliedRoots will join Scaler and lead various projects. A large majority of the AppliedRoots team will be working with the Scaler DS&ML vertical. Some team members will also rely on the content vertical. The AppliedRoots team will also lead new initiatives and programs that are planned later in the year.
Srikanth Verma Chekuri, co-founder, AppliedRoots, said. “We started AppliedRoots to democratize higher education with phenomenal quality and mentorship, and our vision is a perfect fit with Scaler’s.”
Scaler has experienced significant growth over the past few years. With over 1,000 employees and a learner base of over 15,000 software engineers, the platform strives to bridge the tech talent gap in India.