The Michael and Susan Dell Foundation and early-stage venture capital firm Kalaari Capital led a $5.9 million investment round for edtech company ByteXL.
The money will be used to grow the team, develop new products, launch new digital tools, and reach more colleges and universities nationwide.
The Hyderabad-based company coordinates curriculum, material, and practical learning for engineering students with universities and industry. Karun and Sricharan Tadepalli founded it in 2020. The organisation teaches programming, cybersecurity, full stack development, cloud technologies, and more.
“This funding will boost our confidence in empowering engineers of tomorrow with cutting-edge skills and technologies and help us bridge the gap between academia and industry at a faster pace,” said chief executive Tadepalli.
Thus far, ByteXL has established partnerships with more than 26 Indian colleges and institutes.
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Commenting on the investment, Sampath P, partner at Kalaari Capital, said, “Engineering schools in India and other markets are evolving to maintain high standards of curriculum, pedagogy and industry readiness in technology disciplines that are rapidly evolving. This need, accelerated by rapid progress in AI, is a critical problem to solve to enable students to succeed in the next generation of technology jobs.”
Over 100,000 pupils are said to have received training from the company. Recently, ByteXL and Microsoft collaborated to launch a brand-new BTech CSE course in machine learning and artificial intelligence (ML and AI).
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“ByteXL is transforming the teaching and learning of engineering colleges in India. By bridging the gap between academia and industry, it is set to make a significant impact on the lives of students in tier II and tier III cities,” said Sanjay Modi, senior director at the Michael and Susan Dell Foundation.
About ByteXL
ByteXL, an edtech business, is revolutionising Indian engineering colleges and giving students opportunities.
