Scaler (by InterviewBit), a tech upskilling startup has announced that it is planning to ramp up hiring by onboarding over 600 professionals by December 2022 to meet the growing demand for skilled tech talent in the industry.
The hiring spree will be witnessed across the Sales, Careers (B2B Enterprise team), Instructors, and Operations teams. With Scaler adding over 2500 learners monthly and having a strength of 1800+ employees, Scaler is eyeing to expand its workforce by 35% to keep up with the organization’s growing needs.
As of July 2022, the company clocked in an annualized run rate (ARR) of $100 Million and aims to reach an ARR of $1 billion by December 2023.
To further strengthen its foothold and redefine the tech education landscape, Scaler recently launched the Scaler NeoVarsity, an online university offering a Master’s Program accredited with ECTS.
Scaler is also one of the first edtech players to establish co-living spaces, ‘Scalerverse‘ – distributed campuses to add to its NeoVarsity vision for learners, teachers and mentors, encouraging holistic learning and development.
“Our hiring plans are a result of the rapid growth we have witnessed over the last three years. With our recent expansion to the US, we are eyeing a $17 million MRR (monthly run rate) in December 2022 with an ARR (annualized run rate) of $200 million”, Abhimanyu Saxena, Co-Founder of Scaler and Interviewbit said.
“Since 2019, we have onboarded and helped over 25,000 learners cumulatively with industry-vetted curriculum and mentors. As per NASSCOM’s report, India could face a 14-19 lakh techies shortage by 2026 alone. To curb this shortage, we are strengthening our support and teams to meet this growing need for skilled tech talent and continue the trajectory of ‘Impact-driven’ upskilling”, said Abhimanyu Saxena.
Standing with the current valuation of $710 Million, Scaler is witnessing a month-on-month growth of 15% and is currently positive for both cash flow and EBITDA. Since its inception, Scaler has raised a total funding of $76.5 Million and has embarked fund of $50 Million for acquisitions till March 2023.
