The Business Bytes
Hyderabad, July 18, 2024 (TBB Bureau): byteXL India, a rapidly growing edtech platform focused on revolutionizing engineering education, has successfully secured $5.9 million in Series A funding. Led by Kalaari Capital as the primary investor, with additional support from the Michael and Susan Dell Foundation, this investment underscores byteXL’s commitment to delivering high-quality, affordable tech skills to engineering students in tier II and tier III cities across India. It also highlights the company’s substantial growth over the past four years.
The newly raised capital will primarily support team expansion, product development, the introduction of advanced digital tools and technologies, and expanding outreach to more colleges and universities nationwide.
Since its inception, byteXL has partnered with over 26 colleges and universities throughout India, training over 100,000 students in various software technologies such as programming, cybersecurity, full stack development, and cloud technologies. These initiatives have significantly boosted placement rates and increased student enrollment at partner institutions. Recently, byteXL collaborated with Microsoft to launch a new B.Tech CSE course in Artificial Intelligence and Machine Learning, designed to meet current industry demands.
“At byteXL, we are not just teaching coding; we are shaping futures and driving innovation in tech education across India. This funding reinforces our commitment to empowering the engineers of tomorrow with cutting-edge skills and technologies, accelerating the bridge between academia and industry,” said Karun Tadepalli, CEO and Co-Founder of byteXL.
Sampath P, Partner at Kalaari Capital, commented, “Engineering schools in India, alongside other markets, are evolving to uphold high standards of curriculum, pedagogy, and industry readiness in rapidly advancing technology disciplines like AI. ByteXL stands as a pivotal solution in enabling student success in the next generation of tech jobs. Their dedication to operational excellence, top-tier educators, and an interactive digital learning platform makes them a true partner for universities and colleges.”
Sanjay Modi, Senior Director at the Michael & Susan Dell Foundation, added, “byteXL is reshaping the landscape of engineering education in India by bridging the gap between academia and industry, particularly in tier II and tier III cities. This investment aligns with our mission to enhance educational quality and align academic learning with industry demands.”
