In an all-cash deal, Scaler, an edtech upskilling business financed by Sequoia Capital and Tiger Global, has acquired Delhi-based online learning platform Coding Elements. This is the edtech startup’s first acquisition to help it expand its business.
Mudit Goel founded Coding Elements in 2017 with the goal of training the future generation of coders in the most in-demand digital skills, such as Data Science, Machine Learning, and Full-Stack Web and Mobile App development. The platform also provided youngsters with coding classes in a live class style, as well as prospects in international marketplaces.
Abhimanyu Saxena, Co-founder, Scaler and InterviewBit, said, “This acquisition will enable us to further strengthen our upskilling platform by expanding our course offerings beyond core software engineering. As we are journeying to the next growth phase, I’m confident that Coding Element’s resources, talent pool, and Mudit’s rich experience as an entrepreneur and his deep understanding of the upskilling segment will help us in expanding our offerings and reach. The acquisition is another step towards accelerating our growth and making Scaler a world-class virtual tech university. Further, we continue to assess and evaluate potential M&A opportunities in the segment that matches Scaler’s vision and mission”.
