EDTECH SCALER Appoints Tapan Jindal as its Chief Financial Officer

Scaler, a tech upskilling startup, has engaged Tapan Jindal as chief financial officer of InterviewBit and Scaler.  

Tapan’s new post will include overall responsibility for the organization’s financial health and development, according to a statement from the edtech giant. 

Tapan will focus on the company’s corporate strategy and financial operations. “He will also closely collaborate with existing teams to strengthen the overall financial framework and restructure specific systems to prepare the company for its next phase of growth and achieve profitability,” it said. 

Tapan has nearly 20 years of experience in various sectors of the country’s financial industry, including investment banking and corporate finance for both large conglomerates and new-age start-ups such as SugarBox Networks, Baazi Games, Den Networks, and CarDekho Group, which includes Insurance Dekho and Rupyy.  

Abhimanyu Saxena, co-founder of InterviewBit and Scaler, stated, “While we have built a strong foundation with our product offerings, we aim to enhance our bottom line and achieve profitability. Tapan is well positioned to assist us in our effort.”           

Tapan Jindal, CFO of InterviewBit and Scaler, stated, “Education is dear to my heart, and after running an education enterprise early in my career, I feel Scaler is my new home. We will strive to improve our financial and governance procedures as we try to build an internationally respected digital education firm in India.”  

Scaler had positive cash flow in 2023 and was profitable in the JAS quarter (Jul-Aug-Sep). Last year, the firm collaborated with NSDC and joined the #SkillIndia initiative to assist the country in meeting its rising need for Software Development Engineers, Data Scientists, and Machine Learning professionals through its innovative and successful upskilling programs.  

Last year, the edtech company also paid an unknown sum for Pepcoding, an edtech platform located in Delhi. This is the fourth acquisition, after that of AppliedRoots, Coding Minutes, and Coding Elements. 

Scaler, based in Bengaluru, is an edtech platform that trains ambitious engineering students as well as existing professionals.  

Scaler, valued at $710 million, is supported by global investors including Peak XV Partners (previously Sequoia Capital India), Tiger Global, and Lightrock India. The edtech has increased its presence in India and the United States. 

EdTech is a wide phrase that combines the words “education” and “technology.”  It is the implementation of hardware and software solutions aimed at boosting teacher pedagogy and student learning.

The meaning and perception of the phrase will differ depending on who uses it.  For example, a teacher will naturally focus on classroom solutions and methods, but an angel investor will focus on start-ups and the overall status of the industry.  

The first portion of this guide will discuss the numerous meanings of the word.  The second segment will look at the different EdTech products available, and the last piece will look at future trends.