Scaler, an edtech startup that offers upskilling courses to working professionals in India, has raised $55 million in a new financing round as it looks to expand to international markets including the U.S., the Bengaluru-headquartered firm said Tuesday.
The Series B funding – led by Lightrock India – values the startup at $710 million, up from about $110 million two years ago, Scaler said. Existing investors Sequoia Capital India and Tiger Global also participated in the round, moving Scaler’s all-time raise to $76.5 million.
The funding comes just months after Scaler received a $400 million buyout offer from Indian edtech giant Unacademy, two sources familiar with the matter told me. Scaler declined to comment on the buyout talk, which has not been previously reported.
The startup began its journey as InterviewBit, an edtech …
