Chennai-based ed tech start-up Skill-Lync has raised $17.5 million in a Series A round led by Iron Pillar, with participation by existing investors Y Combinator and Better Capital, Inc42 has reported.
Additional investments were made by Flipkart co-founder Binny Bansal, Xto10X co-founder Sai Krishnamurthy, and Rashmi Kwatra, founder of Sixteenth Street Capital.
Founded in 2018, Skill-Lync focuses on the engineering sector offering courses in mechanical, electrical, civil and computer science engineering for students in India and overseas. Its courses include automotive and electric vehicle design, construction project management, embedded systems design, additive manufacturing, engineering design, renewable energy, full-stack development, and data analytics. The company claims it has a 20,000-strong user base, of which 17,500 students are from India
Skill-Lync stated it will use the new funding to increase the number of courses it offers, strengthen its management team and expand into international markets.
Skill Lync has raised a total of $20 million across its seed and Series A funding rounds.
The start-up also has an office in Palo Alto, California.
Date published: 6 August 2021