Scaler revenue declines to Rs 363 Cr in FY25; cuts losses by 98%

Upskilling platform Scaler failed to scale up in FY25 with a decline in revenue. However, a sharp reduction in employee benefit expenses helped the company slash its losses by 98% over the same period.

Scaler’s revenue from operations dipped 5.5% to Rs 363 crore in FY25 from Rs 384 crore in FY24, according to its financial statements filed with the Registrar of Companies (RoC).

Scaler is a tech upskilling platform that focuses on honing college students' and tech professionals’ skills. The company offers various courses through live classes. Sales of these courses were the sole source of revenue for the company. Including other income of Rs 3 crore, the company’s total income stood at Rs 366 crore during FY25.

The Bengaluru-based company has continued to curb its expenses over the years. Employee benefits remained the company’s largest expense, accounting for 46% of the total expense. This cost fell 26.5% to Rs 169 crore in FY25 from Rs 230 crore in FY24.

Advertising and promotional spending also saw rationalization, which fell 30% to Rs 64 crore, while training & recruitment expenses dropped 22.4% to Rs 38 crore. IT expenses reduced by one-third to Rs 10 crore, whereas rent expenses increased 6% to Rs 18 crore. 

Overall, Scaler brought down its total expenses by 23% to Rs 365 crore in FY25 from Rs 474 crore in FY24. For more detailed expense breakup, refer to TheKredible.

The sharp cut in spending helped the company cut its loss by 98% to Rs 2.3 crore in FY25 from Rs 139 crore in FY24. However, the company posted positive EBITDA of Rs 40 lakh in the same period with an EBITDA margin of 0.10%.

Scaler closed FY25 with cash and bank balances of Rs 13 crore, while its current assets stood at Rs 48 crore. Interestingly, the company’s current liabilities stood at Rs 330.5 crore during the year.

According to TheKredible, Scaler Academy has raised a total of $75 million of funding till date from Tiger Global and Peak XV among others. Its founders, Anshuman Singh and Abhimanyu Saxena, each hold 29.16% of the company. Peak XV Partners owns 22.61%, while Tiger Global holds an 8.13% stake in the company.