Scaler, an edtech firm, said that it has purchased the online learning platform AppliedRoots for USD 50 million in order to expand its data science, AI, and machine learning offerings.
“The acquisition of AppliedRoots for USD 50 million will enable Scaler to double down on its efforts to expand the DS&ML vertical,” the compaany said in a statement issued here. This is the third acquisition for Scaler, which recently raised Series B funding of USD 55 million from Sequoia Capital India, Tiger Global, and Lightrock India. Last year, Scaler, which is valued at USD 710 million, had acquired Coding Minutes and Coding Elements to accelerate the growth of their business”. This acquisition will allow us to strengthen our DS, ML & Al offering and help us tap into a much wider learner base,” Abhimanyu Saxena, Co-founder, Scaler & InterviewBit, said.
Srikanth Varma Chekuri, Murali Krishna Varri, Naveen Reddy Bade, Brahma Reddy, Srinivas Reddy, and Satish Atcha, all co-founders of AppliedRoots, will join Scaler and oversee various initiatives following the purchase.
“All the co-founders have extensive experience across software development, AI & ML and the edtech industry. As we build ourselves into a world-class virtual tech varsity, their experiences will come in very handy,” Saxena added. Commenting on the development, Chekuri, Co-founder of AppliedRoots said, “our immediate goal will be to support the efforts and projects being done in the Data Science & ML team. We will also incorporate a separate Data Analyst Sub track within the Data Science program. Scaler has a mission-oriented and high capability team, and we are looking forward to working with them. It is an exciting time in the ed-tech space in the country, and we are very optimistic about what we can achieve together. We aspire to build the best DS &ML programs in the world.”
