Scaler, recognized as one of India’s rapidly expanding tech education startups, disclosed the appointment of Tapan Jindal as the Chief Financial Officer for InterviewBit and Scaler. Taking on this new position, Tapan will shoulder the responsibility for overseeing the financial well-being and advancement of the organization.Tapan’s primary objective will be to lead the corporate strategy and financial activities. Additionally, he will work closely with the current teams to reinforce the overall financial structure and revamp specific systems, aligning the company for its forthcoming growth phase and attainment of 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.”
Bringing nearly two decades of expertise to the table, Tapan has traversed various sectors within India’s financial landscape. His professional journey spans investment banking and corporate finance, encompassing engagements with established conglomerates as well as emerging startups. Notable among these are SugarBox Networks,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.”
In 2023, Scaler achieved positive cash flow and turned a profit in the JAS (Jul-Aug-Sep) quarter. The goal for 2024 is to sustain this momentum over the upcoming quarters and attain annual profitability. Despite the downsizing and operational cutbacks witnessed in several ed-tech and startup ventures, Scaler managed to achieve remarkable growth without reducing its workforce. Additionally, it introduced several initiatives, including the GPT-4 powered AI teaching assistant, which not only improved the learning experience but also enhanced cost efficiency.
Last year, Scaler forged a partnership with NSDC and joined the #SkillIndia mission, aiming to address the nation’s increasing demand for Software Development Engineers, Data Scientists, and Machine Learning specialists through its innovative upskilling programs. Introducing Scaler Topics, a gamified free learn-to-code platform, Scaler ensured access to quality technical content for anyone interested in software-related subjects. Moreover, it launched the ambitious undergraduate program, the Scaler School of Technology, which garnered significant interest, receiving over 54,000 applications for its inaugural batch. Scaler’s upskilling programs – Scaler Academy and Scaler DSML – also experienced substantial growth, assisting over 30,000 working professionals in achieving their career aspirations.