Engineering focused edtech start-up Skill-Lync has raised $17.5 million in Series A round, led by Iron Pillar, a venture growth investor backing global tech companies built from India.
Existing investors Y Combinator and Better Capital also participated in this funding 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.
Industry-relevant courses
Skill-Lync said it provides “job leading industry-relevant” courses in the mechanical, electrical, civil and computer science engineering domains for students in India and other parts of the world.
“Interdisciplinary and job-oriented courses in topics such 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.
Edtech start-up uFaber to hire 1,000 women trainers in next six months
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 start-up 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.