In order to solve the current talent gap in the IT industry, Bengaluru-based Edtech firm Scaler on Wednesday announced its strategic alliance with National Skill Development Corporation (NSDC).
According to the corporation, the cooperation would use its distinctive and potent upskilling programs to assist India in meeting its rising demand for Software Development Engineers, Data Scientists, and Machine Learning professionals.
It will offer upskilling programs that will be acknowledged by NSDC, standardize tech upskilling in rapidly developing industries, and acknowledge it as the best way to develop a big pool of qualified workers.
A certificate of completion co-branded with NSDC will be given to students who successfully complete the Scaler Academy and Scaler Data Science & Machine Learning (DSML) courses as a result of this union.
This partnership will also enable Scaler to play a crucial role in the Skill India Mission, which was launched in 2015 with the goal of educating 400 million Indians in a variety of vital industries.
EVP of the NSDC’s Skill Financing Unit, Sanjeeva Singh, stated, “We are confident that working with Scaler would not only help certify eligible skilled workers but also create suitable job prospects for the nation’s youth. Along with Scaler, NSDC will meet the needs of the high-growth industries recognized by the Indian government, such as IT, electronics, and entrepreneurship. This alliance has the potential to bridge the supply-demand mismatch and hence bridge the ongoing significant skills shortage in the ICT industry.”
Scaler and InterviewBit co-founder Abhimanyu Saxena remarked, “In order to address the increasing need in fields like data science and machine learning, Scaler was formed with the express purpose of building a sizable and relevant skill force. Over 30,000 people have enrolled in our distinctive upskilling programs over the past four years, which include world-class pedagogy, current content, and mentors & trainers from the tech industry. We are happy to collaborate with NSDC, one of India’s most fruitful public-private partnerships, and join the Skill India Mission.
We believe that as a result of this relationship, Scaler will have a greater impact on closing India’s widening talent gap, especially in the more rapidly developing parts of the country’s broader tech sector “Added he.
The mission of NSDC is to develop a supportive and sustainable training ecosystem. With Scaler, industry veterans and professionals from top tech companies like Google, Meta, Netflix, Microsoft, and others instruct, mentor, and guide learners. The program aids in building a validated, verifiable data repository of all the candidates Scaler is training.
Despite layoffs in edtech and startups, as well as the funding freeze seen in the startup sector in 2022, Scaler has had significant growth in the last four years. Over the past year, it has increased its employment by nearly 300 percent. The business has grown by over 350 percent year over year and has maintained a revenue growth rate of 15% month over month.
Now, Scaler is seeing a 94 percent placement rate and a 90 percent course completion rate. The business widened its base in the US in 2022, opened campuses with co-living for the first time, bolstered its executive team, and released its educational app on the Play Store. According to the statement, the edtech business also achieved cash-flow positive status during this time and was valued at $710 million, up from roughly $76.5 million in 2020.
