Scaler Academy acquires Coding Minutes

Scaler Academy, an edtech development platform, acquired the Coding Minutes e-learning platform for $ 1 million (approximately 7.48 crore) in an all-cash deal.

This is the second acquisition of the edtech startup after that of Coding Elements in August, the transaction value of which was not disclosed. In a previous conversation with Activity area, Abhimanyu Saxena, co-founder, Scaler Academy, whose flagship product is InterviewBit, noted that the company was planning to make a few acquisitions this year and had set aside more than $ 20 million for the same.

Beginners course

Initiated by Prateek Narang and Mohit Uniyal, Coding Minutes launched in early 2021 and, within 4 months of launch, reports that it has enrolled over 20,000 learners from 120 countries in their varied courses. Coding Minutes was launched with the vision to provide a first-class digital learning experience for young coders at an affordable price.

The platform offers short courses that cover critical concepts in data structures, algorithms, programming languages ​​like Python, C ++, Java, version control systems, data science, learning automatic and competitive programming.

“One of the things about our journey was that we had to turn down 70% of the people who applied to Scaler. The reason was that we only offered the courses to people with an intermediate skill level. But given the massive talent shortage in the ecosystem, there is also a need for retraining for people who want to change careers or who are studying. We felt that coding minutes can add value to teaching people from level zero to one, ”Saxena said. Activity area.

Support for level 3 cities

Starting next month, Scaler will officially begin welcoming people at the beginner level. The team will also work on creating extremely affordable or free content for wider distribution. Coding Minutes offers pre-recorded lessons as well as handling of doubts. The company hires teaching assistants to provide support to learners in case of doubt for an amount of 5,000 to 10,000. According to Narang, Coding Minutes pays 20 to 30% of the company’s revenue to these teaching assistants. Additionally, the four mentors who record the lectures also earn recurring monthly income from course sales.

With Scaler, Coding Minutes hopes to strengthen its hiring pipeline because many students on the platform who come from Tier 3 cities don’t have many employment opportunities. 70 percent of the learners on Coding Minutes are said to be from India. Coding Minutes recorded 6 million minutes of viewing time on all of its courses. The e-learning platform is also expected to achieve an ARRR (Annual Revenue Execution Rate) of 1 crore in the current fiscal year.

See Also: Scaler Allocates 100 Crore In Marketing Spend For 2022

Coding Minutes will be part of Scaler and will continue to offer specialist pocket lessons for beginners as part of the acquisition. Prateek Narang joined as Technical Manager and Instructor for Scaler Academy and Mohit Uniyal joined as Instructor for Scaler Data Science & ML Program.

Narang added, “When we launched Coding Minutes, our vision was quite similar to Scaler’s. We wanted to give the masses ready-made technological skills without spending a lot on degrees. Mohit and I strongly believe that after this acquisition we can add more value to the lives of students and help them seize great opportunities given Scaler’s strong connection with the industry. Together, we can accelerate the rate at which Indian engineers and technicians are contributing to the larger global tech ecosystem. ”

Development platform

Launched in 2019, Scaler Academy is a development platform for tech enthusiasts and has raised $ 20 million in Series A funding led by renowned investors such as Sequoia Capital, Tiger Global and Rocket Internet, among others, in January 2020.

See also: Scaler Academy Launches Subscription Development Program

To expand its offerings, the company recently introduced the Data Science and Machine Learning program and a subscription-based lifetime career booster named Forever. Today, Scaler has over 650 employees and over 1,000 mentors and educational assistants on the platform to bridge the tech talent gap in India. So far, more than 8,500 learners have joined Scaler’s educational programs.

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