L&L Partners has recently represented and advised InterviewBit Technologies (“Scaler Academy”), an edtech start-up that offers courses to working professionals in India and abroad to upgrade their skills, in raising $55 million in its Series B financing round.
Our Role:
Role entailed originating the transaction documents, negotiating thereon, preparing disclosure schedule, advising the company on legal and secretarial compliances and running the pre-and-post closing aspects of the transaction.
Significance of the Deal:
Post the transaction, Scaler Academy is valued at $710 million. This fund raise is a part of Scaler Academy’s plan for expansion in the Indian and US market, as well as for inorganic growth opportunities. The investment round was led by Lightrock Capital. Sequoia Capital, Tiger Global, Global Founders Capital and Rocket Internet also participated in the investment round.
The Team:
The transaction team was led by Nishant Singh (Partner) and assisted by Saksham Madan (Senior Associate), Manushi Shah (Associate), Charith Reddy (Associate) and Shivangi Kumari (Associate).
Links:
- https://economictimes.indiatimes.com/tech/funding/edtech-startup-scaler-academy-bags-55-million-in-funding-led-by-lightrock-india/articleshow/89262516.cms
- https://www.business-standard.com/article/companies/tech-upskilling-start-up-scaler-completes-55-million-funding-122020100098_1.html
- https://yourstory.com/2022/02/edtech-skilling-startup-funding-scaler-55million-lightrock-india-tiger-global/amp
- https://techcrunch.com/2022/01/31/scaler-upskilling-working-professionals-funding/
