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Edtech start-up Skill-Lync raises $17.5 million in series A financing

Existing investorsY Combinator and Better Capital also participated in thisfunding round, it said in a statement.

August 03, 2021 / 09:59 AM IST

Engineering focused edtech start-up Skill-Lync has raised USD 17.5 million in Series A round, led by Iron Pillar,a venture growth investor backing globaltechcompaniesbuilt from India.

Existing investorsY Combinator and Better Capital also participated in thisfunding round, it said in a statement.

In addition,Binny Bansal (Co-founder of Flipkart),Sai Krishnamurthy (ex-Flipkart;Co-founder of Xto10X)and Rashmi Kwatra (Founder of Sixteenth Street Capital) joined as new investors.

Skill-Lync said it provides"job leading industry- relevant"coursesin themechanical, electrical,civiland computer science engineering domains forstudents in India and other parts of the world.

"Interdisciplinary and job-orientedcoursesin topicssuch as Electric Vehicle Design, Embedded Systems design, Autonomous Vehicle,Renewable Energy, Full-Stack Development, Data Analytics and Construction Project Management,ensure the alignment of the engineering talent pool with the needs of these industries," it said.

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The capital raised will be used to increase the number of courses offered by Skill-Lync, build out next level of strong management team and expand the business to international markets, the statement added.

The startup said it has collaborated with 800-plus industry experts for creating its existing course content and has full-time people with extensive experience in industry.
PTI
first published: Aug 3, 2021 09:59 am

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