Abhinav Vijayvargiya, an ex-Swiggy and Khatabook executive, is joining Tiger Global-backed edtech firm Scaler as its Chief Financial Officer (CFO), people aware of the development told YourStory.
He will succeed Tapan Jindal, who served as the CFO of Scaler and InterviewBit from December 2023 to February 2025, according to the latter’s LinkedIn profile.
Vijayvargiya is a qualified Chartered Accountant with 14 years of experience in finance management and leadership roles across organisations, including Khatabook, Swiggy, Mondelēz Foods, and ITC.
He last held the position of Senior Vice President – Finance at Khatabook, which provides app-based bookkeeping management solutions for small businesses.
Before his five-year tenure at Khatabook, he spent around three years at on-demand food and grocery delivery player Swiggy, serving as the Director of Finance – Business Finance.
Scaler did not reply to YourStory’s queries at the time of publishing the article.
Vijayvargiya’s appointment comes amid the recent hiring of Martin Reindl as Head of Enterprise, tasked with leading Scaler’s Middle East expansion while focusing on AI-driven corporate upskilling programmes.
Like many skilling-focused edtech firms in India, Scaler is increasingly focusing on the B2B segment and expanding its geographic presence. With a foothold in the UAE, it now plans to enter Saudi Arabia and Qatar.
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With expertise in financial leadership, Vijayvargiya has helped leaders navigate complexity, optimise operations, improve decision-making, and drive sustainable growth. He has shown the ability to drive strategic financial impact, a valuable asset for an edtech startup aiming for sustainable growth.
Edtech companies have pivoted toward building resilient businesses, prioritising disciplined financial management and thoughtful scaling. With investors demanding not just promises but proven pathways to profitability, startups are reimagining their strategies.
While Scaler’s FY25 financials are not yet available, the company narrowed its losses by more than half in FY24 while its revenue grew by over a fifth compared to the last fiscal.
The upskilling startup’s operating revenue rose 21.4% YoY to Rs 384.5 crore in FY24.
This growth is driven by a surge in demand for tech-focused upskilling, with companies witnessing strong interest in courses on artificial intelligence, machine learning, data science, and other emerging technologies.
Scaler was established in 2019 to upskill tech professionals and provide solutions to real-world challenges, addressing the changing dynamics of the technology industry.
The upskilling company has acquired four startups—Pepcoding, AppliedRoots, Coding Minutes, and Coding Elements—to strengthen its offerings in software development, data science, and machine learning.
In 2022, Scaler raised $55 million (about Rs 410 crore) in a Series B funding round led by new investor Lightrock India, as well as existing investors Sequoia Capital India and Tiger Global. It has raised $76.5 million in investment to date.
Edited by Suman Singh
