ABHIMANYU SAXENA
VK Saxena seeks maximum punishment against Medha Patkar, says defamation is serious offence
Delhi's Lieutenant Governor VK Saxena has requested maximum punishment for Narmada Bachao Andolan (NBA) leader Medha Patkar in a criminal defamation case filed against her. Patkar, who was the president of the National Council for Civil Liberties, had filed the defamation case in 2001 when she defamed him through a press release issued by her. The Saket District Court of Delhi recently convicted Patkar under Section 500 of the Indian Penal Code (IPC).
Mukesh Bansal’s Cultfit gets new CEO; Google unveils Arm-based chip
Cultfit has formally appointed Naresh Krishnaswamy as CEO. Details on this and more in today’s ETtech Top 5.
Edtech startup Scaler lays off 150 staffers across marketing, sales functions
Scaler laid off 150 staffers in Bengaluru for long-term growth and sustainability. It aims for annual profitability after achieving positive cash flow in 2023 and profitability in the July-September quarter.
The new AI disruption tool: Devin(e) or Devil for software engineers?
After ChatGPT made waves all over the world for its surprising generative AI capacity, a US-based company called Cognition has announced the launch of a new AI tool called Devin which it claims to be the world's first fully autonomous AI software engineer which can write code with command prompts.
Scaler Academy posts five-fold rise in FY23 revenue to Rs 317 crore
Scaler Academy said its operational revenue rose to Rs 316.7 crore in the financial year ended March 2023, from Rs 65.6 crore a year earlier. Total expenses at the firm went up to Rs 654.6 crore, significantly pushed up by employee expenses of Rs 322.07 crore and other expenses of Rs 316.93 crore.
Edtech startup Scaler appoints Tapan Jindal as CFO
Scaler, an edtech startup, has appointed Tapan Jindal as the Chief Financial Officer (CFO) at InterviewBit and Scaler. In his new role, Jindal will oversee the financial health and growth of the organization, focusing on corporate strategy and financial operations.
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Founder vulnerability in technology ecosystem is worrying: Indian startup industry on Sam Altman’s ouster from OpenAI
While the exact reasons behind Altman’s abrupt ouster are still to be disclosed by OpenAI, multiple executives ET spoke to say his exit would affect the pace of evolution of AI and put the lens on the composition of startup boards, globally.
Tech grads sign up for 'bootcamps' to be more employable
The demand for fast-paced and rigorous skilling programs, known as "bootcamps," has increased significantly in India due to a dull job market and the rapid pace of change in tech job profiles. Many young graduates are enrolling in these programs to gain new-age tech skills and improve their employability. Companies like Great Learning, Upgrad, Coding Ninjas, Scaler, and Newton School have seen a 2-3 times increase in demand for bootcamps in the last 6-12 months.
2 out of 3 companies are paying for their employees' upskilling programs: Scaler’s 2023 Hiring Survey
Indian tech companies are increasingly relying on upskilling existing employees to bridge their talent gaps. Nearly two-thirds (61.6%) of companies are paying for their employees' upskilling programs to overcome their skill gap challenges, the 2023 Hiring Survey conducted by edtech startup Scaler (by InterviewBit) has revealed.
Apple India stores post record sales; PharmEasy breaches loan covenant; and Amazon’s ten-year India ride
We are already in June, the year is racing past. Hope you have an interesting summer planned ahead. In April, Apple opened two company-owned retail stores across Mumbai and Delhi, those have racked up record sales in their first month of operations.
Edtech startup Scaler acquires Delhi-based Pepcoding for undisclosed amount
The acquisition is expected to accelerate growth and support various business units, including strategy, product design, B2B enterprise, and operations, among others.
Startups fire 9,400 employees between January- March, more cuts coming
Edtech firms Byju's, Unacademy, social media firm ShareChat, apartment-management startup MyGate and car-servicing startup GoMechanic were among the companies that fired a significant chunk of their team, the report said.
Techies scramble to upskill as AI boom reshapes global IT Space
‘Reskill or perish’ seems to be top of mind for Indian techies, as they rush to upskill themselves in a fast-changing tech landscape where artificial intelligence (AI) is becoming a risk to jobs even as macroeconomic factors threaten to hamper IT sector growth in the short term.
Scaler launches residential UG programme in computer science
Delivered in three phases, the first 18 months of the program will focus on mastering computer science fundamentals by building pedagogy with real-life cases, followed by one year paid industry internship with leading technology companies and one-on-one mentoring by industry veterans.
Edtech startup Scaler announces strategic partnership with NSDC
The partnership is aimed at helping India meet its growing demand for software development engineers, data scientists and machine learning specialists through its upskilling programmes, said a statement issued today.
Scaler appoints Manish Pansari as senior VP to strengthen data science, machine learning verticals
Pansari will lead the data science and machine learning business, providing differentiated and aspirational offerings for technical skilling. With an immediate focus on the Indian market, he will be responsible for scaling the DSML vertical."We are on a mission to transform the tech industry by equipping software professionals with the right skill-set to create meaningful impact in the real world. With this mission, it's imperative to have the brightest minds among us to achieve our goals.
Corporates tie up with Co-living spaces as staff return to office
Futurense Technologies, Scaler Academy, Jubilant Foodworks, Barman Hospitality, Tata Electronics and Smart Joules, among others, have joined hands with co-living operators to ensure that their employees have the option of residing in a sanitised environment.
Scaler rolls out gratitude leaves, employees to get 10-day paid time off
In a bid to ensure that employees are engaged, competent, and confident in their positions, the company has also budgeted Rs 5 crore for employee benefits, engagement efforts, culture-building activities, and learning and development.
Scaler appoints Ashish Chitravanshi as head of enterprise business
Chitravanshi will lead two avenues, B2B partnerships and careers. While the B2B charter will strengthen partnerships with leading technology companies in India as well as globally, the careers division works towards providing career outcomes for the learners.
Scaler looks to hire 600 employees across careers, operations, instructors teams
As of July this year, the company clocked in at an annualised run rate (ARR) of $100 million and aims to reach an ARR of $1 billion by December 2023. It recently launched the Scaler NeoVarsity, an online university offering a Master's programme accredited with ECTS.
Scaler launches its maiden coliving space Scalerverse
Currently, Scalerverse has two centers in Bangalore and will expand its footprint across five major cities in the next three months. “We are excited to curate a first-of-its-kind learning community within the Scaler ecosystem. The dedicated space will help our trainees, teachers and mentors come together to build a strong and cohesive network that starts with learning and remains a support system for the rest of their professional careers,” said Abhimanyu Saxena, Co-Founder, Scaler and Interviewbit.
Skills, experience more important than academic qualifications, degrees: Survey
Scaler, an edtech startup for upskilling students and working professionals, capturies the current hiring trends and demands of the Indian tech industry in its Hiring Trends Report 2022, which surveyed 81 major IT product and services companies in India.
Scaler strengthens leadership team to accelerate business growth
Akshay Raje joins as head of people and culture, while Kashif Kudalkar, with more than 15 years of experience in analytics, data systems and automation and applied ML, will be leading the data and analytics unit of Scaler.
Ed-tech firm Scaler acquires online learning platform AppliedRoots for $50 million
The deal will enable it to strengthen its data science, Artificial Intelligence and Machine Learning capabilities, a senior company executive told ET.
Edtech startup Scaler Academy bags $55 million in funding led by Lightrock India
The company, whose valuation has increased to $710 million after the funding, will use the capital for expansion, inorganic growth and to beef up its technology platform, said Abhimanyu Saxena, cofounder of Scaler.
Scaler announces paid time off at year-end for employees
The firm has close to 700 employees and aims to double its headcount by the end of the financial year, i.e. March 2022. It will be hiring for roles in sales (B2C), careers, (B2B), and instructors, as well as other business units.
Exclusive: Scaler is in talks to bag $70-100 million funding
Scaler, which helps working professionals upgrade their skills and grow in their respective careers, has so far raised $21.5 million from marquee investors such as Sequoia India, Tiger Global, Global Founders Capital and Rocket Internet.
Scaler Academy acquires online coding platform Coding Elements
The Bengaluru-headquartered company had been in talks with Coding Elements for about a month as it was looking to offer a data science course to its users.
Scaler hires 5 new hands for top roles
Scaler Academy earlier functioned in an income-sharing model where learners would pay the fee of the course after they landed a job
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