Dehradun – ByteXL, India’s fastest-growing edtech platform focused on transforming engineering education, has raised $5.9 million in a Series A funding round. The funding round was led by Kalaari Capital, with the Michael & Susan Dell Foundation as the lead investor. The investment reinforces the company’s tremendous growth over the last four years and reinforces ByteXL’s mission to provide high-quality, affordable technical skills to engineering students in Tier II and Tier III cities across India.
The fresh capital will be used for team expansion, product development, offering new digital tools and technologies, and reaching out to more colleges and universities across the country. Since its inception, byteXL has partnered with over 26 colleges and universities across India to train over one lakh students in various software technologies including emerging technologies such as programming, cybersecurity, full stack development, cloud technologies, etc. These efforts have led to an increase in placement rates and student retention at their partner institutions.
Recently, ByteXL has collaborated with Microsoft to launch a new B.Tech CSE course in Artificial Intelligence and Machine Learning, which is designed to meet the current industry demands. Karun Tadepalli, CEO and Co-Founder, ByteXL said, “At ByteXL, we are not just teaching coding; we are shaping the future by bringing innovation to technical education across the country. This funding will further strengthen our confidence in our efforts to empower future engineers with cutting-edge skills and technologies and will help in rapidly bridging the gap between academia and industry.”
Sampath P, Partner, Kalaari Capital, said, “Engineering schools in India and other markets are evolving to maintain high standards of curriculum, pedagogy and industry readiness in rapidly evolving technical disciplines. This requirement coupled with the rapid advancement of AI is a major challenge in enabling students to succeed in the next generation of technology jobs. ByteXL is working towards becoming a de facto partner for universities and colleges with operational expertise, high-quality faculty and an interactive digital learning platform.
Karun, Charan and the team have spent a lot of time understanding the core needs of each of the stakeholders involved in technology and curriculum delivery, and they are committed to improving learning outcomes and the quality of technical talent in India. We are excited to partner with them in this mission.” Sanjay Modi, Senior Director, Michael & Susan Dell Foundation, said, “ByteXL is transforming teaching and learning in engineering colleges in India. It is set to positively impact the lives of students in Tier II and Tier III cities by bridging the gap between education and industry.
This investment is in line with our objectives to enhance quality education and reduce the gap between academic education and industry demands.”
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