Edtech

Scaler Acquires Delhi-Based Pepcoding, Completes Fourth Acquisition In Two Years

Suffering from high losses, a growing mound of bad loans and failure to convince PhonePe for a merger deal, ZestMoney will have to rethink its growth strategies if it is to make a turnaround
Bad Loans, Defaults And A Failed Merger: How ZestMoney’s Rise Hit A Roadblock Photo: Suffering from high losses, a growing mound of bad loans and failure to convince PhonePe for a merger deal, ZestMoney will have to rethink its growth strategies if it is to make a turnaround
info_icon

Indian edtech start-up Scaler has acquired the Delhi-based education platform Pepcoding for an undisclosed amount to scale its business ecosystem. 

According to a statement, the acquisition will help Scaler to accelerate its growth and support across various business units, including strategy, product design, B2B enterprise, and operations. Additionally, the company is also aiming to bring synergies between the companies to strengthen its offering in the tech education space. 
 
As a part of this acquisition, Sumeet Malik, the co-founder of Pepcoding has joined Scaler as a content creator to improve the learner experience. Other Pepcoding employees have joined Scaler as full-time employees working across diverse teams. The team is expected to play a pivotal role in terms of developing the Scaler School of Technology. 

Advertisement

Talking about the latest development, Abhimanyu Saxena, co-founder of Scaler and InterviewBit, announced the acquisition, said, "We are delighted to welcome the PepCoding team to the Scaler ecosystem. Sumeet's team has demonstrated a unique ability to stay true to its core ability to transform the learning experiences of young engineering students. Their experience with undergraduate students will come in handy to our recently launched residential undergraduate program, the Scaler School of Technology. Pepcoding's diverse talent pool and Sumeet's extensive industry expertise will help accelerate the pace we are working towards achieving our vision and mission."

Sumeet Malik, Founder and CEO of Pepcoding added,  "We are excited to be a part of one of the fastest-growing tech education companies in India and work towards the shared vision of nurturing future-ready technology talent. Like Scaler, we are excessively focused on the success of our students and firmly believe that the nation has enough raw talent to one day build products and companies that will dominate the world, similar to what organisations like Google, Microsoft and Uber have done. All they need is the appropriate direction and access to opportunities. This strategic union with Scaler will help us take a step towards revolutionising how India learns and works with technology. "      

Advertisement

    Advertisement

    MOST POPULAR

      Advertisement

      Advertisement

      Advertisement