Tiger Global-backed Scaler cuts losses by 58% in FY24, revenue up 21%

Quick Summary:

Scaler narrowed its consolidated loss to Rs 138.8 crore in FY24, a 58% year-on-year decline, while its operating revenue increased by 21.4% year-on-year to Rs 384.5 crore.

This comes as the edtech companies pivot toward building resilient businesses, prioritising disciplined financial management and thoughtful scaling.

Meanwhile, the upskilling startup’s operating revenue rose 21.4% YoY to Rs 384.5 crore in FY24.

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Article Details

Author / Journalist: Ishan Patra

Category: StartupsEconomyBusiness

Markets: India

Topics: Financial Fy24 Data Privacy Upskilling Tiger Expenses Policy Revenue Crore Scaler

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-23 @ 12:25:07 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 379 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 25365171

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