Edtech firm byteXL raises $9 million
Edtech startup byteXL secured $9 million in funding to fuel its growth across India. The investment, led by Elevar Equity, saw support from Kalaari Capital and The Michael & Susan Dell Foundation. The funds will enable byteXL to broaden its reach, strengthen its technology-led learning platform, and develop new industry-aligned skill programs.
Over the next two years, the company aims to expand from serving 40 institutions and 2-5 lakh students in 15 states to 120 institutions and 5 lakh students nationwide. The latest financing follows a $5.9 million Series A round in July 2024, also spearheaded by Kalaari Capital with Dell Foundation participation. ByteXL's CEO, Karun Tadepalli, expressed gratitude to existing investors, highlighting the continued confidence in the company's execution and the potential ahead.
The edtech firm specializes in integrating industry-relevant technology and AI into engineering colleges' curricula.
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