Scaler, a prominent upskilling platform, experienced a downturn in FY25, with revenue seeing a decline. Nevertheless, significant cuts in employee benefits costs enabled the company to reduce its losses by an impressive 98% during this timeframe. According to financial documents submitted to the Registrar of Companies (RoC), Scaler’s operational revenue fell by 5.5%, dropping to Rs 363 crore in FY25 from Rs 384 crore recorded in FY24.
Scaler is dedicated to enhancing the skills of college students and tech professionals through an array of live courses. Revenue generation primarily stemmed from these course sales, with total income, including Rs 3 crore from other income, culminating at Rs 366 crore for FY25.
The Bengaluru-based firm has undertaken ongoing measures to reduce its expenses over the years. Employee benefits represented the highest cost category, comprising 46% of total expenditures. This figure decreased by 26.5%, falling to Rs 169 crore in FY25 compared to Rs 230 crore in FY24.
In addition, advertising and promotional expenditures were rationalised, dropping by 30% to Rs 64 crore, while training and recruitment costs saw a reduction of 22.4% to Rs 38 crore. IT expenses experienced a reduction of one-third, reaching Rs 10 crore, while rental costs increased by 6% to Rs 18 crore. Overall, Scaler effectively lowered its total expenses by 23%, bringing it down to Rs 365 crore in FY25 from Rs 474 crore in FY24. For more detailed breakdowns of expenses, various sources provide further information.
The significant reduction in spending allowed the company to cut its losses to Rs 2.3 crore in FY25 from Rs 139 crore in FY24, marking a remarkable 98% decrease. Furthermore, Scaler reported a positive EBITDA of Rs 40 lakh during the same period, with an EBITDA margin of 0.10%.
Closing FY25, Scaler held cash and bank balances of Rs 13 crore, while current assets amounted to Rs 48 crore. Interestingly, the company’s current liabilities reached Rs 330.5 crore throughout the year.
As per various reports, Scaler Academy has amassed a total of $75 million in funding to date, with contributions from Tiger Global, Peak XV, and others. The founders, Anshuman Singh and Abhimanyu Saxena, each possess a 29.16% share in the company. Meanwhile, Peak XV Partners maintains a 22.61% stake, and Tiger Global owns an 8.13% interest in the firm.