Scaler has Named Tapan Jindal as its Chief Financial Officer


Scaler has Named Tapan Jindal as its Chief Financial Officer
Edtech startup Scaler has announced the appointment of Tapan Jindal as the Chief Financial Officer for both InterviewBit and Scaler, according to an official statement. In his new capacity, he will take on the overarching responsibility for the financial well-being and expansion of the organization. His initial priorities include leading corporate strategy, overseeing financial operations, and collaborating with existing teams to enhance the overall financial infrastructure. Jindal aims to restructure specific systems, positioning the company for its upcoming growth phase and ensuring profitability.
With an extensive career spanning nearly two decades, Jindal has garnered experience across various sectors within India's financial industry. His background includes roles in investment banking and corporate finance for both established conglomerates and emerging startups like SugarBox Networks, Baazi Games, Den Networks, and CarDekho Group, which encompasses Insurance Dekho and Rupyy. Abhimanyu Saxena, co-founder of InterviewBit and Scaler, expressed confidence in Jindal, stating, "The next few years are very crucial in our journey, as we want to strengthen our bottom line and attain profitability. Tapan is perfectly positioned to help us in our endeavor".
Jindal himself commented, "I look forward to building momentum and delivering on Scaler's growth strategy, and we will endeavor to strengthen the financial and governance practices". In the previous year, Scaler achieved positive cash flow and profitability during the July-September quarter. The goal for 2024 is to sustain this trend over the coming quarters and achieve annual profitability. Additionally, the company collaborated with the National Skill Development Corporation last year and joined the Skill India mission, contributing to meeting the country's increasing demand for software development engineers, data scientists, and machine learning specialists. With a valuation of $710 million (approximately Rs 5,900 crore), the company has garnered support from prominent global investors, including Peak XV Partners (formerly Sequoia Capital India), Tiger Global, and Lightrock India.