Scaler laid off 150 staffers in Bengaluru for long-term growth and sustainability. It aims for annual profitability after achieving positive cash flow in 2023 and profitability in the July-September quarter.
Scaler 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 earlier. Total expenses at the firm went up to Rs 654.6 crore, significantly pushed up by employee expenses of Rs 322.07 crore and other expenses of Rs 316.93 crore.
Scaler, an edtech startup, has appointed Tapan Jindal as the Chief Financial Officer (CFO) at InterviewBit and Scaler. In his new role, Jindal will oversee the financial health and growth of the organization, focusing on corporate strategy and financial operations.
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