Mumbai, 24th January 2024: Scaler, one of India’s fastest-growing tech education start-ups, announced today the appointment of Tapan Jindal as the chief financial officer at InterviewBit and Scaler. In his new role, Tapan will assume overall responsibility for the organisation’s financial health and growth.
Tapan’s immediate focus will be to spearhead corporate strategy and financial operations. He will also closely collaborate with existing teams to strengthen the overall financial framework and restructure specific systems to prepare the company for its next phase of growth and achieve profitability.
Abhimanyu Saxena, Co-Founder of InterviewBit & Scaler, said, “At Scaler, we are committed to providing the best possible tech education experience available to aspiring engineers and software professionals in the country. To ensure we can achieve this critical nation-building mission, it is imperative that we work with the brightest minds across all business verticals. With that in mind, we have over 1600 people who work with us, and all are equally committed to our vision statement. The next few years are very crucial in our journey. While we have created a solid foundation with our product offerings, we want to strengthen our bottom line and attain profitability. Tapan is perfectly positioned to help us in our endeavour. We are excited to work with him as we continue building the best tech education company to come out of India.”
With close to 20 years of experience, Tapan has worked across diverse sectors within the country’s financial industry, including investment banking and corporate finance for both large conglomerates as well as new-age start-ups, including SugarBox Networks (Part of Zee Entertainment Group), Baazi Games, Den Networks and CarDekho Group, which includes Insurance Dekho and Rupyy.
Tapan Jindal, CFO at InterviewBit and Scaler, said, “Education is close to my heart, and having run an education venture early in my career, I feel Scaler is my new home. It is an exciting time to join the young brand as it continues to make solid progress. I look forward to building momentum and delivering on their growth strategy. We will endeavour to strengthen the financial and governance practices as we work towards creating a globally admired tech education company out of India.”
The year 2023 saw Scaler achieve positive cash flow and were also profitable in the JAS (Jul-Aug-Sep) quarter. The aim for the year 2024 is to maintain this over the next few quarters and lead to annual profitability. While several ed-tech and start-up brands let go of employees and shrunk their existing operations, Scaler was able to post such promising growth without reducing its headcount and rolled out several initiatives, such as the GPT-4 powered AI teaching assistant that not only enhanced learner experience but also aided in cost efficiency.
Scaler partnered with NSDC and joined the #SkillIndia mission to help the country meet its growing demand for Software Development Engineers, Data Scientists, and Machine Learning specialists through its unique and effective upskilling programs. Scaler launched Scaler Topics, a gamified free learn-to-code platform that can provide quality technical content for anyone interested in software-related subjects. Scaler also introduced its ambitious undergraduate program, the Scaler School of Technology, early in 2023, and the program saw phenomenal uptake, with over 54,000 applications coming in for its first batch. Scaler’s upskilling programs – Scaler Academy and Scaler DSML – also saw significant growth, with the brand aiding over 30,000 working professionals with their career goals.
