Update on AAIC Technologies Private Limited

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Update on AAIC Technologies Private Limited

March 23, 2022

Samisti Legal led by a team of Prashant Jain, Partner and Anita Dugar, Principal Associate acted as the legal counsel to AAIC Technologies Private Limited (“Applied Roots”) and its Promoters in relation to sale of entire 100% stake by the Promoters of Applied Roots to Interviewbit Technologies Private Limited (Scaler) in a cash plus stock deal.

Deal Date: 2022-03-02

Deal value: Around USD 50 million

Publications:

https://timesofindia.indiatimes.com/city/bengaluru/scaler-acquires-edtech-platform-applied-roots-for-50-million/articleshow/89979636.cms

https://www.businesstoday.in/entrepreneurship/news/story/upksilling-start-up-scaler-acquires-applied-roots-for-50-mn-324588-2022-03-03

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