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

  • Scaler, a Tiger Global-backed edtech firm, has reduced its losses by 58% in FY24 while its revenue increased by 21%.
  • The company's consolidated loss in FY24 was Rs 138.8 crore, down from Rs 330.2 crore in the previous fiscal year.
  • Scaler's expenses decreased by 22.1% to Rs 474.3 crore in FY24, while operating revenue rose 21.4% to Rs 384.5 crore.
  • The growth is driven by the rising demand for tech-focused upskilling, particularly in artificial intelligence, machine learning, and data science.

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