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.”
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