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SCALER ACQUISITION
Lightrock appoints Samir Abhyankar partner and head of India to drive India expansionGlobal investment platform Lightrock has appointed Samir Abhyankar as Partner and Head of India. Abhyankar, who previously led the Financia...- Big IT expects growth momentum to continue in September quarterIndia’s software service providers will report their July-September quarter results in the coming week, and analysts expect them to be bett...
- Worst of layoffs likely over, startups hand out fewer pink slips in H1Startups cut about 11,250 jobs during the January-June period this year, compared with 21,000 in the first half of 2023 and 15,000 in the s...
- Edtech startup Scaler lays off 150 staffers across marketing, sales functionsScaler laid off 150 staffers in Bengaluru for long-term growth and sustainability. It aims for annual profitability after achieving positiv...
- Global PE investors eye bigger pie of India’s software services sectorThe number of PE firms holding majority stake in Indian IT services companies had doubled between 2019 and 2022 to more than 50, as per Ave...
- Scaler Academy posts five-fold rise in FY23 revenue to Rs 317 croreScaler 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 earlie...
- Apple India stores post record sales; PharmEasy breaches loan covenant; and Amazon’s ten-year India rideWe are already in June, the year is racing past. Hope you have an interesting summer planned ahead. In April, Apple opened two company-owne...
- Edtech startup Scaler acquires Delhi-based Pepcoding for undisclosed amountThe acquisition is expected to accelerate growth and support various business units, including strategy, product design, B2B enterprise, an...
- Rackspace Technology doubles India revenues, to increase headcountUS-based cloud computing firm Rackspace has doubled its India revenue on increased demand for multi-cloud solutions.
- Startups reach out to find jobs for the laid-offScaler, Filo, Classplus, PhysicsWallah, BrightChamps, Teachmint, ByteLearn and Mojocare were some of those companies offering help.
- M&A deals rise as startup funding begins to slowConsolidation is also in play as many of these startups are unable to shore up a war chest to fight bigger and more well-capitalised rivals.
- Skills, experience more important than academic qualifications, degrees: SurveyScaler, an edtech startup for upskilling students and working professionals, capturies the current hiring trends and demands of the Indian ...
- Ed-tech firm Scaler acquires online learning platform AppliedRoots for $50 millionThe deal will enable it to strengthen its data science, Artificial Intelligence and Machine Learning capabilities, a senior company executi...
- Economic Survey unpacked; budget wish lists for EV, edtech, ecommThe survey also showed that Delhi has replaced Bengaluru as the startup capital of India in recent years. Over 5,000 recognised startups we...
- Exclusive: Scaler is in talks to bag $70-100 million fundingScaler, which helps working professionals upgrade their skills and grow in their respective careers, has so far raised $21.5 million from m...
- Youngest Indian unicorn; Pine Labs hires bankers for IPOIn September 2018, Udaan became the fastest Indian startup to achieve unicorn status, doing so in just 26 months. But with the unprecedente...
- ETtech Deals Digest: Skit, Bikayi raise funds; Prosus acquires BillDeskIndia's startup ecosystem witnessed smaller funding rounds this week.
- Scaler Academy acquires online coding platform Coding ElementsThe Bengaluru-headquartered company had been in talks with Coding Elements for about a month as it was looking to offer a data science cour...
- Enterprise IT executives expect 60% of workloads to run in the cloud by 2018: StudyHowever, the survey reveals that IaaS is likely to see the highest growth, with usage predicted to double to 12% of workloads over the next...
- Citrix moves key R&D centre to BangaloreCitrix Systems, the $1.1 billion IT applications delivery company, is moving key R&D tasks to its Bangalore centre. It also plans to double...
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