March 2022

Scaler, an edtech firm, has purchased AppliedRoots, an online learning platform, for $50 million in cash and stock. According to a senior company executive, the deal will allow it to improve its data science, artificial intelligence, and machine learning capabilities. The acquisition is the company’s third in the last 12 months, and it comes just two months after it raised $55 million in Series B funding from Lightrock India-led investors. It bought Coding Minutes and Coding Elements last year. Scaler’s parent company, InterviewBit, was founded in April 2019 by Anshuman Singh…

Volopay, a Singapore-based fintech platform, announced on Tuesday that it had raised $29 million from Cameron and Tyler Winklevoss, as well as a global decacorn and others, to enter the Indian market. In Series A, the Y Combinator-backed corporate cards and payment management startup raised funding in a mix of equity and debt. “With India churning out several unicorn-level enterprises every year, it is indeed making a big wave on the global frontier. And this is only the beginning,” said Rajith Shaji and Rajesh Raikwar, Co-founders, Volopay. “Accelerating their growth…