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

Engineering focused edtech start-up Skill-Lync has raisedUSD 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.

Skill-Lync said it provides “job leading industry- relevant”coursesin themechanical, electrical, civiland 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.

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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.