Edtech startup Scaler announces strategic partnership with NSDC
A strategic agreement with the National Skill Development Corporation has been launched by edtech firm Scaler (NSDC). According to a statement, the partnership's upskilling programmes are intended to help India fulfil its expanding demand for software development engineers, data scientists, and machine learning specialists. The collaboration will work towards standardising tech upskilling in rapidly developing industries and will acknowledge it as the best way to develop a large pool of qualified workers.
"Together, NSDC and Scaler will address the needs of the high-growth sectors identified by the government of India, including IT, electronics, and entrepreneurship. We believe that our partnership with Scaler will not only help certify deserving trained workforce but also help generate appropriate employment opportunities for the youth of the nation.
This partnership has the ability to eliminate the persistent and severe skills gap in the technology sector by bridging the supply-demand gap "said Sanjeeva Singh, EVP of the NSDC team in charge of talent finance.
NSDC, one of India's most successful public-private partnerships, and become a part of the Skill India Mission, said Abhimanyu Saxena, cofounder of Scaler & InterviewBit. "In the last four years, over 30,000 people have joined our unique upskilling programmes that comprise world-class pedagogy, an up-to-date curriculum, and trainers and mentors from the tech industry.
Scaler is currently witnessing a 90% course completion rate with a 94% successful placement rate, the business claimed. The business increased its presence in the US in 2022, opened co-living campuses, bolstered its leadership group, and released its educational app on the Play Store.
The edtech startup also became cash-flow positive during this period with a valuation of $710 million, up from about $76.5 million in 2020. It has the support of well-known international investors like Lightrock India, Tiger Global, and Sequoia Capital India.
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