Tuesday, Oct 15 2024 | Time 04:50 Hrs(IST)
image
Business EconomyPosted at: Jul 18 2024 7:44PM


byteXL secures $5.9 million from Kalaari Capital in Series A Funding

Hyderabad, July 18 (UNI) byteXL, an edtech company, on Thursday said it has secured $5.9 million in Series A funding from Kalaari Capital as lead investor, along with the Michael and Susan Dell Foundation.
This investment highlights byteXL’s mission to provide high-quality, affordable tech skills to engineering students in tier II and tier III cities across India and acknowledges the company’s impressive growth over the past four years.
The new capital will be used for team expansion, product development, the introduction of new digital tools and technologies, and outreach to more colleges and universities across the country, the company said in a release here.
Kalaari Capital is an early-stage, technology-focused venture capital firm based in Bengaluru while the Michael &Susan Dell Foundation (www.dell.org), which is dedicated to transforming the lives of children living in urban poverty around the world, having offices in Austin, TX, New Delhi, India, and Cape Town, South Africa.
Since its inception, byteXL has partnered with over 26 colleges and universities across India, training more than a lakh students in various software technologies including programming, emerging technologies like cybersecurity, full stack development and cloud technologies.
Recently, byteXL collaborated with Microsoft to introduce a new B.Tech CSE course in Artificial Intelligence and Machine Learning, designed to meet current industry demands.
Karun Tadepalli, CEO and Co-Founder of byteXL, stated, “At byteXL, we are not just teaching coding, we’re shaping futures and driving innovation in tech education across India. 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.”
UNI KNR CS1942
Please log in to get detailed story.
Tags: #byteXL secures $5.9 million from Kalaari Capital in Series A Funding
More News
RIL net down 2 8 pc at Rs 19,323 crore in Q2; Revenue up 0 8 pc

RIL net down 2 8 pc at Rs 19,323 crore in Q2; Revenue up 0 8 pc

14 Oct 2024 | 8:44 PM

New Delhi, Oct 14 (UNI) India’s leading private conglomerate Reliance Industries today announced that its net profit fell by 2.8 percent during the second quarter or July-September period of current financial year at Rs 19,323 crore y-o-y basis compared to Rs 19,878 crore in the same period of last financial year.

see more..

14 Oct 2024 | 7:34 PM

UNI SKB AKS.

see more..

TOMCOM facilitates overseas job opportunities for bike riders in Dubai

14 Oct 2024 | 7:25 PM

Hyderabad, Oct 14 (UNI) Telangana Overseas Manpower Company Limited (TOMCOM), a registered recruitment agency under the Department of Labour, Employment Training and Factories, Government of Telangana, is working to facilitate overseas placements for skilled and semi-skilled workers from Telangana.

see more..

Odisha: RSP casting machine-3 sets fresh record of 380 heats

14 Oct 2024 | 6:46 PM

Bhubaneswar, Oct 14 (UNI) The Continuous Casting Machine-3 (CCM-3) of Steel Melting Shop-2 (SMS-2) department of Rourkela Steel Plant (RSP) has set a fresh record in casting the longest ever sequence of heats.
RSP sources said the unit registered an all time best casting of 380 heats during the record sequence. The total tonnage cast during this period was a notable 60,200 tons of Crude Steel.

see more..
India retail inflation jumps to 5 49 pc in September, exceeds RBI target

India retail inflation jumps to 5 49 pc in September, exceeds RBI target

14 Oct 2024 | 6:12 PM

New Delhi, Oct 14 (UNI) Driven primarily by high food prices, India's consumer price index (CPI)-based retail inflation surged to 5.49% year-on-year in September 2024 from 3.65% in the previous month.

see more..
image