News on Medial

Lightrock India-Backed Scaler Sacks 150 Staff In Restructuring Exercise

Inc42 · 1y

Bengaluru-based edtech startup Scaler has laid off around 10% of its workforce, totaling approximately 150 employees. The move is part of the company's restructuring efforts to achieve long-term growth and sustainability. The most impacted roles were in sales and marketing. This development comes almost a year after Scaler acquired Delhi-based Pepcoding to strengthen its business ecosystem. Scaler has raised over $76 million in funding to date, with its most recent round valuing the startup at over $700 million. However, it has been unsuccessful in securing additional funding deals recently.